Scotiabank Stock Recommendations and Price Targets

This is a list of recent ratings by Scotiabank.

Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
CPT Camden Property Trust	Downgrade	$103.00	$108.00	Sector Outperform ➝ Sector Perform	Low
CAE CAE	Boost Price Target	$29.00	$39.00 ➝ $45.00	Outperform	Low
CFPZF Canfor	Boost Price Target	$21.00	$29.00 ➝ $33.00	Outperform	Low
CFPUF Canfor Pulp Products	Boost Price Target	$8.00	$7.00 ➝ $8.00	Sector Perform	Low
CADNF Cascades	Boost Price Target	$13.00	$19.00 ➝ $19.50	Sector Perform	Low
CHRRF Chorus Aviation	Boost Price Target	$4.00	$4.00 ➝ $4.75	Sector Perform	High
WNGRF George Weston	Lower Price Target	$77.00	$117.00 ➝ $115.00	Outperform	Low
IFSPF Interfor	Boost Price Target	$21.00	$36.00 ➝ $37.00	Outperform	Low
SNMSF Spin Master	Boost Price Target	$31.00	$31.00 ➝ $39.00	Sector Perform	Low
STLJF Stella-Jones	Boost Price Target	$37.00	$53.00 ➝ $54.00	Sector Perform	N/A
WJXFF Wajax	Boost Price Target	$16.00	$25.00 ➝ $26.00	Outperform	Low
WFSTF Western Forest Products	Boost Price Target	$1.00	$2.00 ➝ $2.25	Sector Perform	Low
WFG West Fraser Timber	Reiterated Rating	$65.00		Outperform	Low
CAE CAE Inc. (CAE.TO)	Boost Price Target	C$37.00	C$39.00 ➝ C$45.00		N/A
CFP Canfor	Boost Price Target	C$26.00	C$29.00 ➝ C$33.00		N/A
CFX Canfor Pulp Products	Boost Price Target	C$10.00	C$7.00 ➝ C$8.00		N/A
CAS Cascades	Boost Price Target	C$17.00	C$19.00 ➝ C$19.50		N/A
CHR Chorus Aviation	Boost Price Target	C$5.00	C$4.00 ➝ C$4.75		N/A
WN George Weston	Lower Price Target	C$97.00	C$117.00 ➝ C$115.00		N/A
IFP Interfor Co. (IFP.TO)	Boost Price Target	C$27.00	C$36.00 ➝ C$37.00		N/A
TOY Spin Master	Boost Price Target	C$39.00	C$31.00 ➝ C$39.00		N/A
SJ Stella-Jones	Boost Price Target	C$48.00	C$53.00 ➝ C$54.00		N/A
WJX Wajax	Boost Price Target	C$20.00	C$25.00 ➝ C$26.00		N/A
WFG Waterfront Capital	Boost Price Target	C$0.00	C$103.00 ➝ C$106.00		N/A
WEF Western Forest Products Inc. (WEF.TO)	Boost Price Target	C$2.00	C$2.00 ➝ C$2.25		N/A
TIMB TIM	Upgrade	$12.00		Underperform ➝ Sector Perform	Low
CGJTF Cargojet	Upgrade	$134.00	$220.00	Sector Perform ➝ Outperform	High
TRI Thomson Reuters	Boost Price Target	$87.00	$89.00 ➝ $90.00	Sector Perform	Low
GFL GFL Environmental	Boost Price Target	$33.00	$34.00 ➝ $35.00	Sector Outperform	Medium
CVI CVR Energy	Boost Price Target	$23.00	$17.00 ➝ $23.00	Sector Perform	Low
XEC Cimarex Energy	Boost Price Target	$62.00	$50.00 ➝ $65.00	Sector Perform	Low
AU AngloGold Ashanti	Lower Price Target	$20.00	$30.00 ➝ $28.00	Sector Perform	High
BOWFF Boardwalk Real Estate Investment Trust	Lower Price Target	$30.00	$41.75 ➝ $41.50	Sector Perform	Medium
NOPMF Neo Performance Materials	Boost Price Target	$14.00	$17.00 ➝ $20.00	Outperform	High
TU TELUS	Boost Price Target	$21.00	$32.00 ➝ $34.00	Outperform	Low
BEI.UN Boardwalk REIT	Lower Price Target	C$38.00	C$41.75 ➝ C$41.50		N/A
CJT Cargojet Inc. (CJT.TO)	Upgrade	C$171.00	C$240.00 ➝ C$220.00	Sector Perform ➝ Outperform	N/A
T TELUS	Boost Price Target	C$26.00	C$32.00 ➝ C$34.00		N/A
TIXT TELUS International (Cda)	Initiated Coverage	$28.00		Outperform	Low
CBWBF Canadian Western Bank	Boost Price Target	$27.00	$34.00 ➝ $36.00	Sector Perform	Low
ONEXF Onex	Boost Price Target	$60.00	$87.00 ➝ $89.00	Outperform	Low
CM Canadian Imperial Bank of Commerce	Reiterated Rating	$96.00		Outperform	Low
CWB Canadian Western Bank	Boost Price Target	C$34.00	C$34.00 ➝ C$36.00		N/A
ONEX Onex	Boost Price Target	C$75.00	C$87.00 ➝ C$89.00		N/A
CCDBF CCL Industries	Boost Price Target	$54.00	$72.00 ➝ $77.00	Outperform	Low
CCL.B CCL Industries	Boost Price Target	C$68.00	C$72.00 ➝ C$77.00		N/A
CM Canadian Imperial Bank of Commerce (CM.TO)	Boost Price Target	C$121.00	C$139.00 ➝ C$144.00		N/A
JWEL Jamieson Wellness	Lower Price Target	C$34.00	C$42.00 ➝ C$40.00		N/A
L Loblaw Companies Limited (L.TO)	Lower Price Target	C$63.00	C$76.00 ➝ C$72.00		N/A
MFI Maple Leaf Foods	Boost Price Target	C$25.00	C$34.00 ➝ C$36.50		N/A
NVA NuVista Energy Ltd. (NVA.TO)	Boost Price Target	C$2.00	C$1.50 ➝ C$2.20		N/A
QBR.B Quebecor	Boost Price Target	C$33.00	C$38.00 ➝ C$39.00		N/A
STN Stantec	Boost Price Target	C$51.00	C$57.00 ➝ C$59.00		N/A
TD The Toronto-Dominion Bank (TD.TO)	Boost Price Target	C$79.00	C$82.00 ➝ C$91.00		N/A
TV Trevali Mining	Lower Price Target	C$0.00	C$0.25 ➝ C$0.20		N/A
LBLCF Loblaw Companies	Lower Price Target	$50.00	$76.00 ➝ $72.00	Sector Perform	Low
MLFNF Maple Leaf Foods	Boost Price Target	$20.00	$34.00 ➝ $36.50	Outperform	Low
NUVSF NuVista Energy	Boost Price Target	$2.00	$1.50 ➝ $2.20	Sector Perform	Low
QBCRF Quebecor	Boost Price Target	$28.00	$38.00 ➝ $39.00	Outperform	Low
STN Stantec	Boost Price Target	$41.00	$57.00 ➝ $59.00	Outperform	Low
TD The Toronto-Dominion Bank	Boost Price Target	$62.00	$82.00 ➝ $91.00	Sector Perform	Low
TREVF Trevali Mining	Lower Price Target	$0.00	$0.25 ➝ $0.20	Underperform	Low
AND Andlauer Healthcare Group Inc. (AND.TO)	Boost Price Target	C$35.00	C$38.50 ➝ C$40.00		N/A
VZ Verizon Communications	Downgrade	$55.00		Outperform ➝ Sector Perform	Low
ASGTF Altus Group	Boost Price Target	$40.00	$53.00 ➝ $56.00	Sector Perform	Low
CFPZF Canfor	Boost Price Target	$21.00	$27.00 ➝ $29.00	Outperform	High
CFPUF Canfor Pulp Products	Boost Price Target	$8.00	$6.50 ➝ $7.00	Sector Perform	High
CAGDF Centerra Gold	Boost Price Target	$10.00	$20.00 ➝ $22.00	Outperform	Low
CGIFF Chemtrade Logistics Income Fund	Boost Price Target	$6.00	$6.00 ➝ $7.50	Sector Perform	Low
GDDFF Goodfood Market	Lower Price Target	$8.00	$14.00 ➝ $13.00	Outperform	Low
GTE Gran Tierra Energy	Boost Price Target	$1.00	$0.65 ➝ $1.00	Underperform	N/A
HLNFF High Liner Foods	Boost Price Target	$10.00	$11.50 ➝ $14.50	Sector Perform	Low
NTIOF National Bank of Canada	Boost Price Target	$65.00	$89.00 ➝ $98.00	Outperform	Low
RY Royal Bank of Canada	Boost Price Target	$87.00	$129.00 ➝ $133.00	Outperform	Medium
TORXF Torex Gold Resources	Lower Price Target	$12.00	$30.00 ➝ $29.00	Outperform	High
AIF Altus Group	Boost Price Target	C$58.00	C$53.00 ➝ C$56.00		N/A
CFP Canfor	Boost Price Target	C$26.00	C$27.00 ➝ C$29.00		N/A
CFX Canfor Pulp Products	Boost Price Target	C$10.00	C$6.50 ➝ C$7.00		N/A
CS Capstone Mining	Boost Price Target	C$4.00	C$4.25 ➝ C$4.50		N/A
CG Centerra Gold	Boost Price Target	C$12.00	C$20.00 ➝ C$22.00		N/A
CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$7.00	C$6.00 ➝ C$7.50		N/A
FOOD Goodfood Market	Lower Price Target	C$10.00	C$14.00 ➝ C$13.00		N/A
GTE Gran Tierra Energy Inc. (GTE.TO)	Boost Price Target	C$1.00	C$0.65 ➝ C$1.00		N/A
HLF High Liner Foods	Boost Price Target	C$13.00	C$11.50 ➝ C$14.50		N/A
NA National Bank of Canada	Boost Price Target	C$82.00	C$89.00 ➝ C$98.00		N/A
RY Royal Bank of Canada	Boost Price Target	C$110.00	C$129.00 ➝ C$133.00		N/A
CSFFF Capstone Mining	Reiterated Rating	$3.00		Outperform	Low
CVI CVR Energy	Reiterated Rating	$23.00	$17.00 ➝ $23.00	Sector Perform	High
XEC Cimarex Energy	Reiterated Rating	$62.00	$50.00 ➝ $65.00	Sector Perform	High
AU AngloGold Ashanti	Reiterated Rating	$20.00	$30.00 ➝ $28.00	Sector Perform	High
TRI Thomson Reuters	Reiterated Rating	$87.00	$89.00 ➝ $90.00	Sector Perform	Medium
GFL GFL Environmental	Reiterated Rating	$33.00	$34.00 ➝ $35.00	Sector Outperform	High
DYNDF Dye & Durham	Lower Price Target	$34.00	$58.00 ➝ $57.00	Outperform	N/A
EDVMF Endeavour Mining	Boost Price Target	$19.00	$50.00 ➝ $51.00	Outperform	Low
EQGPF Equitable Group	Boost Price Target	$111.00	$130.00 ➝ $136.00	Sector Perform	Low
LUCRF Lucara Diamond	Boost Price Target	$1.00	$0.55 ➝ $0.70	Sector Perform	High
BMO Bank of Montreal (BMO.TO)	Boost Price Target	C$107.00	C$111.00 ➝ C$126.00		N/A
DND Dye & Durham	Lower Price Target	C$44.00	C$58.00 ➝ C$57.00		N/A
EDV Endeavour Mining	Boost Price Target	C$24.00	C$50.00 ➝ C$51.00		N/A
EQB Equitable Group Inc. (EQB.TO)	Boost Price Target	C$139.00	C$130.00 ➝ C$136.00		N/A