TD Securities Stock Recommendations and Price Targets

This is a list of recent ratings by TD Securities.

Date	Company Name	Action	Current Price	Price Target	Rating
12/4/2025	DOOO BRP	Reiterated Rating	$75.00		Buy ➝ Buy
12/4/2025	PEYUF Peyto Exploration & Development	Reiterated Rating	$16.00		Buy ➝ Buy
12/4/2025	NTIOF National Bank of Canada	Reiterated Rating	$124.00		Hold ➝ Hold
12/4/2025	NA National Bank of Canada	Boost Price Target	C$172.00	C$161.00 ➝ C$181.00	Hold
12/4/2025	PEY Peyto Exploration & Development	Boost Price Target	C$23.00	C$23.00 ➝ C$25.00	Buy
12/4/2025	RY Royal Bank of Canada	Upgrade	C$224.00	C$215.00 ➝ C$246.00	Hold ➝ Buy
12/4/2025	SAP Saputo	Boost Price Target	C$39.00	C$44.00 ➝ C$49.00	Buy
12/4/2025	RY Royal Bank Of Canada	Upgrade	$161.00		Hold ➝ Buy
12/3/2025	CVE Cenovus Energy	Reiterated Rating	$18.00		Buy ➝ Buy
12/2/2025	EQX Equinox Gold	Boost Price Target	C$19.00	C$20.00 ➝ C$22.00	Buy
12/1/2025	NGD New Gold	Upgrade	$8.00	$12.00	Hold ➝ Buy
12/1/2025	NGD New Gold	Upgrade	C$11.00	C$7.50 ➝ C$12.00	Hold ➝ Buy
11/28/2025	SAPIF Saputo	Reiterated Rating	$28.00		Buy ➝ Buy
11/28/2025	RSGUF Rogers Sugar	Downgrade	$4.00		Hold
11/28/2025	RSI Rogers Sugar	Downgrade	C$6.00	C$7.00	Buy ➝ Hold
11/28/2025	SAP Saputo	Boost Price Target	C$39.00	C$44.00 ➝ C$49.00	Buy
11/27/2025	EQB EQB	Lower Price Target	C$98.00	C$105.00 ➝ C$96.00	Hold
11/26/2025	ANCTF Alimentation Couche-Tard	Reiterated Rating	$53.00		Buy ➝ Buy
11/26/2025	ATD Alimentation Couche-Tard	Boost Price Target	C$74.00	C$89.00 ➝ C$90.00	Buy
11/21/2025	NPIFF Northland Power	Downgrade	$12.00		Buy ➝ Hold
11/21/2025	NPI Northland Power	Downgrade	C$17.00	C$22.00 ➝ C$19.00	Buy ➝ Hold
11/17/2025	LWSCF Sienna Senior Living	Reiterated Rating	$15.00		Buy ➝ Buy
11/17/2025	MALJF Magellan Aerospace	Reiterated Rating	$12.00		Buy ➝ Buy
11/17/2025	CCORF Canaccord Genuity Group	Reiterated Rating	$8.00		Buy ➝ Buy
11/17/2025	SPB Superior Plus	Upgrade	C$7.00		Hold ➝ Buy
11/14/2025	SUUIF Superior Plus	Upgrade	$5.00		Hold ➝ Buy
11/14/2025	PEYUF Peyto Exploration & Development	Reiterated Rating	$16.00		Buy ➝ Buy
11/14/2025	NPIFF Northland Power	Reiterated Rating	$12.00		Buy ➝ Buy
11/14/2025	KELTF Kelt Exploration	Reiterated Rating	$6.00		Buy ➝ Buy
11/14/2025	HRNNF Hydro One	Reiterated Rating	$38.00		Hold ➝ Hold
11/14/2025	MHCUF Flagship Communities Real Estate Investment Trust	Reiterated Rating	$18.00		Buy ➝ Buy
11/14/2025	EXETF Extendicare	Reiterated Rating	$16.00		Hold ➝ Hold
11/14/2025	CESDF CES Energy Solutions	Reiterated Rating	$9.00		Buy ➝ Buy
11/14/2025	KBL K-Bro Linen	Lower Price Target	C$35.00	C$55.00 ➝ C$50.00
11/14/2025	PEY Peyto Exploration & Development	Boost Price Target	C$23.00	C$21.00 ➝ C$23.00
11/14/2025	BN Brookfield	Boost Price Target	$47.00	$57.00 ➝ $59.00	Buy ➝ Buy
11/14/2025	POW Power Co. of Canada	Downgrade	C$70.00		Strong-Buy ➝ Hold
11/13/2025	CAE CAE	Boost Price Target	C$38.00	C$44.00 ➝ C$46.00
11/13/2025	CCO Cameco	Boost Price Target	C$131.00	C$142.00 ➝ C$150.00
11/13/2025	CCL.B CCL Industries	Boost Price Target	C$84.00	C$95.00 ➝ C$100.00
11/13/2025	EXE Extendicare	Boost Price Target	C$22.00	C$15.00 ➝ C$19.00
11/13/2025	FTT Finning International	Boost Price Target	C$74.00	C$81.00 ➝ C$88.00
11/13/2025	WN George Weston	Boost Price Target	C$96.00	C$105.00 ➝ C$108.00
11/13/2025	LNR Linamar	Boost Price Target	C$78.00	C$85.00 ➝ C$96.00
11/13/2025	L Loblaw Companies	Boost Price Target	C$62.00	C$63.00 ➝ C$65.00
11/13/2025	MFC Manulife Financial	Boost Price Target	C$49.00	C$54.00 ➝ C$57.00
11/11/2025	ACO.X ATCO	Boost Price Target	C$54.00	C$55.00 ➝ C$57.00	Hold
11/11/2025	CU Canadian Utilities	Boost Price Target	C$42.00	C$40.00 ➝ C$41.00	Hold
11/11/2025	CDE Coeur Mining	Boost Price Target	$16.00	$23.00 ➝ $25.00	Buy ➝ Buy
11/10/2025	BMO Bank of Montreal	Boost Price Target	C$177.00	C$170.00 ➝ C$182.00
11/10/2025	CNQ Canadian Natural Resources	Boost Price Target	C$48.00	C$53.00 ➝ C$54.00
11/10/2025	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$37.00	C$52.00 ➝ C$49.00
11/10/2025	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$20.00	C$22.00 ➝ C$23.00
11/10/2025	CHR Chorus Aviation	Boost Price Target	C$22.00	C$30.00 ➝ C$31.00
11/10/2025	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$126.00	C$117.00 ➝ C$124.00
11/10/2025	CGX Cineplex	Boost Price Target	C$11.00	C$16.00 ➝ C$17.00
11/10/2025	CSU Constellation Software	Lower Price Target	C$3,310.00	C$5,700.00 ➝ C$5,300.00
11/10/2025	NA National Bank of Canada	Boost Price Target	C$172.00	C$148.00 ➝ C$161.00
11/10/2025	ONEX Onex	Lower Price Target	C$113.00	C$165.00 ➝ C$160.00
11/10/2025	RY Royal Bank of Canada	Boost Price Target	C$224.00	C$208.00 ➝ C$215.00
11/10/2025	SAP Saputo	Boost Price Target	C$39.00	C$38.00 ➝ C$44.00
11/10/2025	BNS Bank of Nova Scotia	Boost Price Target	C$98.00	C$93.00 ➝ C$99.00
11/7/2025	BOS AirBoss of America	Boost Price Target	C$4.00	C$6.00 ➝ C$6.50	Buy
11/7/2025	AIF Altus Group	Lower Price Target	C$55.00	C$70.00 ➝ C$67.00	Buy
11/7/2025	BDGI Badger Infrastructure Solutions	Boost Price Target	C$76.00	C$70.00 ➝ C$83.00	Buy
11/7/2025	BCE BCE	Lower Price Target	C$32.00	C$39.00 ➝ C$38.00	Buy
11/7/2025	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$234.00	C$181.00 ➝ C$197.00	Hold
11/7/2025	CTC.A Canadian Tire	Boost Price Target	C$171.00	C$183.00 ➝ C$194.00	Hold
11/7/2025	CAS Cascades	Boost Price Target	C$12.00	C$12.00 ➝ C$14.00	Buy
11/7/2025	DFY Definity Financial	Upgrade	C$71.00	C$74.00 ➝ C$80.00	Hold ➝ Buy
11/7/2025	EFX Enerflex	Boost Price Target	C$20.00	C$19.00 ➝ C$23.00	Buy
11/7/2025	GSY goeasy	Lower Price Target	C$125.00	C$210.00 ➝ C$160.00	Buy
11/7/2025	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$76.00	C$85.00 ➝ C$88.00	Buy
11/7/2025	KXS Kinaxis	Boost Price Target	C$179.00	C$225.00 ➝ C$229.00	Buy
11/7/2025	LSPD Lightspeed Commerce	Boost Price Target	C$16.00	C$13.00 ➝ C$15.00	Hold
11/7/2025	LUN Lundin Mining	Boost Price Target	C$26.00	C$26.00 ➝ C$28.00	Buy
11/7/2025	PPL Pembina Pipeline	Lower Price Target	C$55.00	C$66.00 ➝ C$65.00	Buy
11/7/2025	PRMB Primo Brands	Lower Price Target	$16.00	$35.00 ➝ $27.00	Buy
11/7/2025	QBR.B Quebecor	Boost Price Target	C$51.00	C$49.00 ➝ C$52.00	Buy
11/7/2025	SCR Strathcona Resources	Boost Price Target	C$43.00	C$35.00 ➝ C$36.00	Hold
11/7/2025	TRP TC Energy	Lower Price Target	C$76.00	C$81.00 ➝ C$80.00	Buy
11/7/2025	TA TransAlta	Lower Price Target	C$20.00	C$27.00 ➝ C$26.00	Buy
11/6/2025	BEI.UN Boardwalk Real Estate Investment Trust	Boost Price Target	C$63.00	C$87.00 ➝ C$88.00	Buy
11/6/2025	CJT Cargojet	Lower Price Target	C$80.00	C$160.00 ➝ C$120.00	Buy
11/6/2025	DIR.UN Dream Industrial Real Estate Invest Trst	Boost Price Target	C$12.00	C$13.50 ➝ C$14.00	Buy
11/6/2025	GWO Great-West Lifeco	Boost Price Target	C$63.00	C$66.00 ➝ C$70.00	Buy
11/6/2025	LPX Louisiana-Pacific	Lower Price Target	$82.00	$97.00 ➝ $91.00	Hold
11/6/2025	MFI Maple Leaf Foods	Lower Price Target	C$25.00	C$43.00 ➝ C$42.00	Buy
11/6/2025	PZA Pizza Pizza Royalty	Lower Price Target	C$15.00	C$17.00 ➝ C$16.00	Hold
11/6/2025	SIS Savaria	Boost Price Target	C$22.00	C$24.00 ➝ C$27.00	Buy
11/6/2025	SJ Stella-Jones	Boost Price Target	C$86.00	C$90.00 ➝ C$97.00	Buy
11/6/2025	SLF Sun Life Financial	Lower Price Target	C$81.00	C$101.00 ➝ C$99.00	Buy
11/5/2025	NUVSF NuVista Energy	Downgrade	$14.00		Hold ➝ Sell
11/5/2025	BYD Boyd Group Services	Boost Price Target	C$238.00	C$280.00 ➝ C$290.00	Buy
11/5/2025	CRT.UN CT Real Estate Investment Trust	Boost Price Target	C$16.00	C$16.00 ➝ C$16.50	Hold
11/5/2025	FSV FirstService	Lower Price Target	C$216.00	C$213.00 ➝ C$211.00	Buy
11/5/2025	FTS Fortis	Boost Price Target	C$71.00	C$77.00 ➝ C$79.00	Buy
11/5/2025	FNV Franco-Nevada	Lower Price Target	C$283.00	C$247.00 ➝ C$225.00	Hold
11/5/2025	IAG iA Financial	Boost Price Target	C$166.00	C$175.00 ➝ C$178.00	Buy
11/5/2025	NVA NuVista Energy	Downgrade	C$19.00	C$17.00 ➝ C$18.04	Hold ➝ Sell