Scotiabank Stock Recommendations and Price Targets

This is a list of recent ratings by Scotiabank.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
5/14/2021	TX Ternium	Downgrade	$40.00	$27.00 ➝ $44.00	Sector Outperform ➝ Sector Perform	High
5/14/2021	SIM Grupo Simec	Downgrade	$23.00		Sector Perform ➝ Sector Underperform	N/A
5/14/2021	CDNAF Canadian Tire	Boost Price Target	C$174.00	C$205.00 ➝ C$242.00	Outperform	High
5/14/2021	CGJTF Cargojet	Boost Price Target	C$151.00	C$220.00 ➝ C$225.00	Outperform	Low
5/14/2021	CCDBF CCL Industries	Boost Price Target	C$57.00	C$77.00 ➝ C$78.00	Outperform	Low
5/14/2021	CIXX CI Financial	Boost Price Target	C$18.00	C$22.00 ➝ C$24.00	Sector Perform	Medium
5/14/2021	HMCBF Home Capital Group	Boost Price Target	C$30.00	C$38.00 ➝ C$44.00	Sector Perform	Medium
5/14/2021	NOPMF Neo Performance Materials	Boost Price Target	C$16.00	C$26.00 ➝ C$27.00	Outperform	Low
5/14/2021	QBCRF Quebecor	Lower Price Target	C$28.00	C$39.00 ➝ C$38.00	Outperform	Low
5/14/2021	TRQ Turquoise Hill Resources	Lower Price Target	C$17.00	C$32.00 ➝ C$30.00	Outperform	Medium
5/14/2021	WSPOF WSP Global	Boost Price Target	C$115.00	C$125.00 ➝ C$140.00	Sector Perform	Low
5/14/2021	CTC.A Canadian Tire	Boost Price Target	C$210.00	C$205.00 ➝ C$242.00		N/A
5/14/2021	CCL.B CCL Industries	Boost Price Target	C$69.00	C$77.00 ➝ C$78.00		N/A
5/14/2021	CIX CI Financial	Boost Price Target	C$22.00	C$22.00 ➝ C$24.00		N/A
5/14/2021	DXT Dexterra Group	Boost Price Target	C$6.00	C$8.00 ➝ C$8.50		N/A
5/14/2021	HCG Home Capital Group	Boost Price Target	C$36.00	C$38.00 ➝ C$44.00		N/A
5/14/2021	NEO Neo Performance Materials	Boost Price Target	C$19.00	C$26.00 ➝ C$27.00		N/A
5/14/2021	QBR.B Quebecor	Lower Price Target	C$33.00	C$39.00 ➝ C$38.00		N/A
5/14/2021	TRQ Turquoise Hill Resources	Lower Price Target	C$20.00			N/A
5/14/2021	WSP WSP Global	Boost Price Target	C$139.00	C$125.00 ➝ C$140.00		N/A
5/13/2021	AGGZF Ag Growth International	Lower Price Target	$34.00	$50.00 ➝ $48.00	Sector Perform	Medium
5/13/2021	BYDGF Boyd Group Services	Lower Price Target	$177.00	$255.00 ➝ $245.00	Outperform	Low
5/13/2021	DYNDF Dye & Durham	Boost Price Target	$33.00	$57.00 ➝ $58.00	Outperform	Low
5/13/2021	HBM Hudbay Minerals	Lower Price Target	$8.00	$14.00 ➝ $13.00	Outperform	Low
5/13/2021	IIPZF InterRent Real Estate Investment Trust	Boost Price Target	$13.00	$16.50 ➝ $17.25	Outperform	N/A
5/13/2021	ITPOF Intertape Polymer Group	Boost Price Target	$26.00	$38.00 ➝ $39.00	Outperform	Medium
5/13/2021	KEYUF Keyera	Boost Price Target	$25.00	$29.00 ➝ $32.00	Outperform	Low
5/13/2021	FTMNF Lundin Gold	Lower Price Target	$10.00	$15.00 ➝ $14.00	Outperform	High
5/13/2021	MPVDF Mountain Province Diamonds	Lower Price Target	$0.00	$0.10 ➝ $0.05	Underperform	High
5/13/2021	SISXF Savaria	Boost Price Target	$15.00	$20.50 ➝ $22.00	Outperform	High
5/13/2021	SMMCF Summit Industrial Income REIT	Boost Price Target	$13.00	$15.50 ➝ $16.50	Outperform	Low
5/13/2021	TMXXF TMX Group	Lower Price Target	$110.00	$152.00 ➝ $151.00	Outperform	Low
5/13/2021	TLLYF Trilogy International Partners	Boost Price Target	$1.00	$3.40 ➝ $4.50	Outperform	Low
5/13/2021	AFN Ag Growth International	Lower Price Target	C$41.00	C$50.00 ➝ C$48.00		N/A
5/13/2021	BYD Boyd Group Services	Lower Price Target	C$212.00	C$255.00 ➝ C$245.00		N/A
5/13/2021	CJT Cargojet	Boost Price Target	C$183.00	C$220.00 ➝ C$225.00		N/A
5/13/2021	DND Dye & Durham	Boost Price Target	C$41.00	C$57.00 ➝ C$58.00		N/A
5/13/2021	HBM Hudbay Minerals	Lower Price Target	C$10.00	C$14.00 ➝ C$13.00		N/A
5/13/2021	IIP.UN Interrent Real Estate Investment Trust	Boost Price Target	C$16.00	C$16.50 ➝ C$17.25		N/A
5/13/2021	ITP Intertape Polymer Group	Boost Price Target	C$31.00	C$38.00 ➝ C$39.00		N/A
5/13/2021	KEY Keyera	Boost Price Target	C$31.00	C$29.00 ➝ C$32.00		N/A
5/13/2021	LUG Lundin Gold	Lower Price Target	C$12.00	C$15.00 ➝ C$14.00		N/A
5/13/2021	MDA MDA	Lower Price Target	C$15.00	C$24.00 ➝ C$23.00		N/A
5/13/2021	MPVD Mountain Province Diamonds	Lower Price Target	C$1.00	C$0.10 ➝ C$0.05		N/A
5/13/2021	NPI Northland Power	Lower Price Target	C$38.00	C$52.00 ➝ C$48.25		N/A
5/13/2021	SIS Savaria	Boost Price Target	C$19.00	C$20.50 ➝ C$22.00		N/A
5/13/2021	X TMX Group	Lower Price Target	C$133.00	C$152.00 ➝ C$151.00		N/A
5/13/2021	TRL Trilogy International Partners	Boost Price Target	C$2.00	C$3.40 ➝ C$4.50		N/A
5/13/2021	NPIFF Northland Power	Lower Price Target	C$32.00	C$52.00 ➝ C$48.25	Outperform ➝ Outperform	Low
5/12/2021	ATZ Aritzia	Boost Price Target	C$30.00	C$29.50 ➝ C$41.00		N/A
5/12/2021	D.UN Dream Office Real Estate Investment Trst	Lower Price Target	C$22.00	C$24.50 ➝ C$24.00		N/A
5/12/2021	FTT Finning International	Boost Price Target	C$34.00	C$34.50 ➝ C$38.00		N/A
5/12/2021	FRU Freehold Royalties	Boost Price Target	C$9.00	C$9.00 ➝ C$9.50		N/A
5/12/2021	WN George Weston	Boost Price Target	C$115.00	C$117.00 ➝ C$121.00		N/A
5/12/2021	INE Innergex Renewable Energy	Lower Price Target	C$19.00	C$26.00 ➝ C$23.00		N/A
5/12/2021	ZZZ Sleep Country Canada	Boost Price Target	C$32.00	C$38.00 ➝ C$40.00		N/A
5/11/2021	TIGO Millicom International Cellular	Downgrade	$45.00	$44.00	Sector Outperform ➝ Sector Perform	Low
5/11/2021	LUCRF Lucara Diamond	Boost Price Target	$1.00	$0.70 ➝ $0.90	Sector Perform	Low
5/11/2021	NUVCF Nuvei	Boost Price Target	$69.00	$101.00 ➝ $106.00	Outperform	High
5/11/2021	PWCDF Power Co. of Canada	Boost Price Target	$31.00	$40.00 ➝ $44.00	Sector Perform	Medium
5/11/2021	SVAUF StorageVault Canada	Boost Price Target	$4.00	$4.50 ➝ $5.00	Outperform	N/A
5/11/2021	LUC Lucara Diamond	Boost Price Target	C$1.00	C$0.70 ➝ C$0.90		N/A
5/11/2021	POW Power Co. of Canada	Boost Price Target	C$38.00	C$40.00 ➝ C$44.00		N/A
5/10/2021	ACDVF Air Canada	Lower Price Target	$21.00	$29.00 ➝ $28.00	Sector Perform	High
5/10/2021	CGAU Centerra Gold	Lower Price Target	$7.00	$19.00 ➝ $8.00	Sector Perform	Low
5/10/2021	IGIFF IGM Financial	Boost Price Target	$37.00	$47.00 ➝ $48.00	Sector Perform	Low
5/10/2021	KMMPF Killam Apartment Real Estate Investment Trust	Boost Price Target	$16.00	$20.25 ➝ $21.00	Sector Perform	Low
5/10/2021	KPTSF KP Tissue	Lower Price Target	$9.00	$13.00 ➝ $12.50	Sector Perform	Low
5/10/2021	PBA Pembina Pipeline	Boost Price Target	$32.00	$37.00 ➝ $39.00	Sector Perform	Low
5/10/2021	RCPUF Recipe Unlimited	Boost Price Target	$17.00	$21.00 ➝ $24.50	Outperform	Low
5/10/2021	SNMSF Spin Master	Boost Price Target	$34.00	$39.00 ➝ $45.00	Sector Perform	Low
5/10/2021	AC Air Canada	Lower Price Target	C$26.00	C$29.00 ➝ C$28.00		N/A
5/10/2021	CG Centerra Gold	Lower Price Target	C$9.00	C$19.00 ➝ C$8.00		N/A
5/10/2021	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$13.00	C$13.25 ➝ C$14.00		N/A
5/10/2021	IGM IGM Financial	Boost Price Target	C$45.00	C$47.00 ➝ C$48.00		N/A
5/10/2021	KMP.UN Killam Apartment REIT	Boost Price Target	C$19.00	C$20.25 ➝ C$21.00		N/A
5/10/2021	KPT KP Tissue	Lower Price Target	C$10.00	C$13.00 ➝ C$12.50		N/A
5/10/2021	PPL Pembina Pipeline	Boost Price Target	C$39.00	C$37.00 ➝ C$39.00		N/A
5/10/2021	TOY Spin Master	Boost Price Target	C$42.00	C$39.00 ➝ C$45.00		N/A
5/10/2021	SVI StorageVault Canada	Boost Price Target	C$5.00	C$4.50 ➝ C$5.00		N/A
5/7/2021	AIF Altus Group	Boost Price Target	C$56.00	C$57.00 ➝ C$58.00		N/A
5/7/2021	ACQ AutoCanada	Boost Price Target	C$47.00	C$46.00 ➝ C$55.00		N/A
5/7/2021	CGX Cineplex	Boost Price Target	C$13.00	C$11.00 ➝ C$12.00		N/A
5/7/2021	CRR.UN Crombie Real Estate Investment Trust	Boost Price Target	C$17.00	C$17.50 ➝ C$17.75		N/A
5/7/2021	GWO Great-West Lifeco	Boost Price Target	C$37.00	C$37.00 ➝ C$38.00		N/A
5/7/2021	IFP Interfor	Boost Price Target	C$35.00	C$46.00 ➝ C$48.00		N/A
5/7/2021	LNR Linamar	Boost Price Target	C$76.00	C$95.00 ➝ C$100.00		N/A
5/7/2021	MFC Manulife Financial	Lower Price Target	C$26.00	C$29.00 ➝ C$27.00		N/A
5/7/2021	MRE Martinrea International	Boost Price Target	C$13.00	C$18.50 ➝ C$19.00		N/A
5/7/2021	NFI NFI Group	Lower Price Target	C$25.00	C$35.00 ➝ C$34.00		N/A
5/7/2021	SLF Sun Life Financial	Lower Price Target	C$66.00	C$76.00 ➝ C$74.00		N/A
5/7/2021	TSU Trisura Group	Boost Price Target	C$149.00	C$135.00 ➝ C$158.00		N/A
5/7/2021	WFG West Fraser Timber	Boost Price Target	C$95.00	C$125.00 ➝ C$128.00		N/A
5/6/2021	ES Eversource Energy	Upgrade	$85.00	$87.00	Sector Underperform ➝ Sector Perform	Low
5/6/2021	CNSWF Constellation Software	Boost Price Target	$1,430.00	$1,900.00 ➝ $2,000.00	Outperform	Medium
5/6/2021	EQGPF Equitable Group	Boost Price Target	$108.00	$149.00 ➝ $155.00	Sector Perform	N/A
5/6/2021	ERRPF Ero Copper	Boost Price Target	$23.00	$25.00 ➝ $26.00	Sector Perform	Low
5/6/2021	KXSCF Kinaxis	Boost Price Target	$114.00	$179.00 ➝ $180.00	Outperform	Low
5/6/2021	LBLCF Loblaw Companies	Boost Price Target	$60.00	$72.00 ➝ $73.00	Sector Perform	Low
5/6/2021	RUSMF Russel Metals	Boost Price Target	$27.00	$28.50 ➝ $32.00	Sector Perform	High