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	Impact on Share Price
9/15/2021	DNN Denison Mines	Boost Price Target	C$2.00	C$1.65 ➝ C$2.40	Hold	N/A
9/15/2021	WEF Western Forest Products	Reiterated Rating	C$2.00		Buy	N/A
9/15/2021	DML Denison Mines	Boost Price Target	C$2.00	C$2.40	Hold	N/A
9/15/2021	NXE NexGen Energy	Boost Price Target	C$6.00	C$7.00 ➝ C$10.00	Buy	N/A
9/15/2021	NXE NexGen Energy	Boost Price Target	C$6.00	C$7.00 ➝ C$10.00	Buy	N/A
9/15/2021	CFX Canfor Pulp Products	Reiterated Rating	C$7.00		Hold	N/A
9/15/2021	NXE NexGen Energy	Boost Price Target	C$7.00	C$10.00	Speculative Buy	N/A
9/15/2021	CAS Cascades	Reiterated Rating	C$16.00		Buy	N/A
9/15/2021	CCJ Cameco	Boost Price Target	C$24.00	C$25.00 ➝ C$35.00	Hold	Low
9/15/2021	CFP Canfor	Reiterated Rating	C$26.00		Buy	N/A
9/15/2021	IFP Interfor	Reiterated Rating	C$28.00		Outperform	N/A
9/15/2021	CCO Cameco	Boost Price Target	C$31.00	C$35.00	Hold	N/A
9/14/2021	WEF Western Forest Products	Lower Price Target	C$2.00	C$3.00 ➝ C$2.75	NA	N/A
9/14/2021	CFX Canfor Pulp Products	Boost Price Target	C$7.00	C$7.50 ➝ C$8.00	NA	N/A
9/14/2021	CAS Cascades	Boost Price Target	C$16.00	C$17.50 ➝ C$18.50	NA	N/A
9/14/2021	CFP Canfor	Boost Price Target	C$26.00	C$37.00 ➝ C$39.00	NA	N/A
9/14/2021	IFP Interfor	Lower Price Target	C$28.00	C$45.00 ➝ C$42.00	NA	N/A
9/14/2021	CNI Canadian National Railway	Downgrade	$116.00	$165.00	Buy ➝ Hold	Low
9/14/2021	CNR Canadian National Railway	Downgrade	C$147.00	C$165.00	Buy ➝ Hold	N/A
9/13/2021	ROOT Roots	Reiterated Rating	C$3.00	C$5.00	Buy	N/A
9/13/2021	FCMGF Firm Capital Mortgage Investment	Initiated Coverage	$12.00		Buy	Low
9/13/2021	FC Firm Capital Mortgage Investment	Initiated Coverage	C$15.00	C$16.50	Buy	N/A
9/13/2021	EMP.A Empire	Reiterated Rating	C$39.00		Hold	N/A
9/10/2021	TRZBF Transat A.T.	Boost Price Target	C$3.00	C$3.00 ➝ C$3.25	Reduce	Low
9/10/2021	TRZ Transat A.T.	Boost Price Target	C$4.00	C$3.00 ➝ C$3.25	Reduce	N/A
9/10/2021	BIRDF Bird Construction	Boost Price Target	C$8.00	C$11.50 ➝ C$12.00	Buy	Medium
9/10/2021	BDT Bird Construction	Boost Price Target	C$10.00	C$11.50 ➝ C$12.00	Buy	N/A
9/10/2021	NNWWF The North West	Boost Price Target	C$28.00	C$37.00 ➝ C$38.00	Hold	Low
9/10/2021	EMLAF Empire	Boost Price Target	C$31.00	C$42.00 ➝ C$44.00	Hold	Low
9/10/2021	NWC The North West	Boost Price Target	C$35.00	C$37.00 ➝ C$38.00	Hold	N/A
9/10/2021	EMP.A Empire	Boost Price Target	C$39.00	C$42.00 ➝ C$44.00	NA	N/A
9/10/2021	DLMAF Dollarama	Boost Price Target	C$44.00	C$64.00 ➝ C$68.00	Buy	N/A
9/10/2021	DOL Dollarama	Boost Price Target	C$56.00	C$64.00 ➝ C$68.00	Buy	N/A
9/9/2021	RCI Rogers Communications	Initiated Coverage	$47.00		Buy	Low
9/9/2021	RCI.B Rogers Communications	Initiated Coverage	C$60.00	C$73.00 ➝ C$74.00	Buy	N/A
9/9/2021	DSGX The Descartes Systems Group	Boost Price Target	$83.00	$80.00 ➝ $95.00	Buy	High
9/9/2021	DSG The Descartes Systems Group	Boost Price Target	C$105.00	C$120.00	Buy	N/A
9/8/2021	GFL GFL Environmental	Upgrade	C$46.00	C$52.00	Buy	N/A
9/8/2021	BDRBF Bombardier	Boost Price Target	C$2.00	C$1.95 ➝ C$2.50	Buy	Low
9/8/2021	BBD.B Bombardier, Inc. Class B	Reiterated Rating	C$2.00		Speculative Buy	N/A
9/8/2021	GFL GFL Environmental	Upgrade	$36.00	$43.00 ➝ $52.00	Hold ➝ Buy	Medium
9/8/2021	ENB Enbridge	Boost Price Target	C$40.00	C$54.00 ➝ C$55.00	Buy	Low
9/8/2021	ENB Enbridge	Boost Price Target	C$51.00	C$54.00 ➝ C$55.00	Buy	N/A
9/8/2021	TFII TFI International	Downgrade	$113.00	$150.00 ➝ $155.00	Buy ➝ Hold	Low
9/8/2021	TFII TFI International	Downgrade	$114.00	$150.00 ➝ $155.00	Buy ➝ Hold	Low
9/8/2021	TFII TFI International	Downgrade	C$143.00	C$150.00 ➝ C$155.00	Buy ➝ Hold	N/A
9/7/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$2.00	C$1.95 ➝ C$2.50	NA	N/A
9/7/2021	INGXF Innergex Renewable Energy	Upgrade	$17.00		Hold ➝ Buy	Low
9/7/2021	INE Innergex Renewable Energy	Upgrade	C$21.00	C$23.00 ➝ C$24.00	Hold ➝ Buy	N/A
9/7/2021	PBA Pembina Pipeline	Initiated Coverage	$32.00	$43.00	Buy	Low
9/7/2021	PPL Pembina Pipeline	Boost Price Target	C$40.00	C$41.00 ➝ C$43.00	Buy	N/A
9/3/2021	DOOO BRP	Boost Price Target	C$95.00	C$120.00 ➝ C$140.00	Buy	Medium
9/3/2021	TRI Thomson Reuters	Downgrade	$118.00	$155.00 ➝ $160.00	Buy ➝ Hold	Low
9/3/2021	DOO BRP	Boost Price Target	C$121.00	C$120.00 ➝ C$140.00	Buy	N/A
9/3/2021	TRI Thomson Reuters	Downgrade	C$150.00	C$155.00 ➝ C$160.00	Buy ➝ Hold	N/A
9/3/2021	CHTR Charter Communications	Downgrade	$766.00	$840.00 ➝ $870.00	Buy ➝ Hold	Medium
9/2/2021	DALXF Spartan Delta	Boost Price Target	C$4.00	C$8.00 ➝ C$8.50	Buy	Low
9/2/2021	AAVVF Advantage Energy	Boost Price Target	C$5.00	C$5.50 ➝ C$6.50	Buy	High
9/2/2021	SDE Spartan Delta	Boost Price Target	C$4.00	C$8.00 ➝ C$8.50	Buy	N/A
9/2/2021	AAV Advantage Energy	Boost Price Target	C$6.00	C$5.50 ➝ C$6.50	Buy	N/A
9/2/2021	ANCUF Alimentation Couche-Tard	Boost Price Target	C$40.00	C$54.00 ➝ C$58.00	Buy	Low
9/2/2021	ATD.B Alimentation Couche-Tard	Boost Price Target	C$50.00	C$54.00 ➝ C$58.00	Buy	N/A
9/1/2021	GRNWF Greenlane Renewables	Initiated Coverage	$1.00		Buy	High
9/1/2021	GRN Greenlane Renewables	Reiterated Rating	C$2.00	C$2.50	Speculative Buy	N/A
9/1/2021	GRN Greenlane Renewables Inc. (GRN.V)	Set Price Target	C$3.00	C$2.50	Speculative Buy	N/A
8/31/2021	EMP.A Empire	Reiterated Rating	C$39.00	C$42.00	Hold	N/A
8/27/2021	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$117.00	C$155.00 ➝ C$160.00	Buy	High
8/27/2021	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$148.00	C$155.00 ➝ C$160.00	Buy	N/A
8/26/2021	CWSRF Chartwell Retirement Residences	Initiated Coverage	$10.00		Buy	N/A
8/26/2021	NTIOF National Bank of Canada	Lower Price Target	C$78.00	C$100.00 ➝ C$99.00	Hold	Low
8/26/2021	NA National Bank of Canada	Lower Price Target	C$99.00	C$100.00 ➝ C$99.00	Hold	N/A
8/25/2021	AUGG Augusta Gold	Initiated Coverage	$1.00		Buy	High
8/25/2021	BNS The Bank of Nova Scotia	Lower Price Target	C$62.00	C$90.00 ➝ C$87.00	Buy	Low
8/25/2021	BNS The Bank of Nova Scotia	Lower Price Target	C$79.00	C$90.00 ➝ C$87.00	Buy	N/A
8/24/2021	MAXR Maxar Technologies	Lower Price Target	$30.00	$45.00 ➝ $42.00	Buy	Medium
8/24/2021	MAXR Maxar Technologies	Lower Price Target	C$38.00	C$53.00	Buy	N/A
8/23/2021	TU TELUS	Boost Price Target	C$23.00	C$31.00 ➝ C$33.00	Buy	Low
8/23/2021	T TELUS	Boost Price Target	C$29.00	C$31.00 ➝ C$33.00	Buy	N/A
8/23/2021	BCE BCE	Boost Price Target	C$51.00	C$67.00 ➝ C$70.00	Buy	Low
8/23/2021	BCE BCE	Boost Price Target	C$65.00	C$67.00 ➝ C$70.00	Buy	N/A
8/20/2021	BOS AirBoss of America	Upgrade	C$38.00	C$46.00 ➝ C$47.00	Hold ➝ Buy	N/A
8/19/2021	DALXF Spartan Delta	Initiated Coverage	$4.00		Buy	Low
8/18/2021	WTSHF Westshore Terminals Investment	Boost Price Target	C$20.00	C$23.00 ➝ C$24.00	Hold	Low
8/18/2021	DRUNF Dream Unlimited	Boost Price Target	C$21.00	C$31.00 ➝ C$32.00	Buy	Low
8/18/2021	WTE Westshore Terminals Investment	Boost Price Target	C$24.00	C$23.00 ➝ C$24.00	Hold	N/A
8/18/2021	DRM Dream Unlimited	Boost Price Target	C$27.00	C$31.00 ➝ C$32.00	Buy	N/A
8/17/2021	VET Vermilion Energy	Lower Price Target	C$8.00	C$12.00 ➝ C$10.50	Hold	Medium
8/17/2021	VET Vermilion Energy	Lower Price Target	C$10.00	C$12.00 ➝ C$10.50	Hold	N/A
8/17/2021	AG First Majestic Silver	Lower Price Target	C$12.00	C$21.00 ➝ C$20.00	Hold	Low
8/17/2021	HRUFF H&R Real Estate Investment Trust	Boost Price Target	C$13.00	C$18.50 ➝ C$19.00	Buy	Medium
8/17/2021	FR First Majestic Silver	Lower Price Target	C$15.00	C$21.00 ➝ C$20.00	Hold	N/A
8/17/2021	CSQPF Cervus Equipment	Downgrade	$15.00		Buy ➝ Hold	Low
8/17/2021	HR.UN H&R Real Estate Investment Trust	Boost Price Target	C$16.00	C$18.50 ➝ C$19.00	Buy	N/A
8/17/2021	CERV Cervus Equipment	Downgrade	C$19.00	C$21.00 ➝ C$19.50	Buy ➝ Hold	N/A
8/17/2021	CGECF Cogeco	Boost Price Target	C$73.00	C$135.00 ➝ C$140.00	Buy	N/A
8/17/2021	CGO Cogeco	Boost Price Target	C$92.00	C$135.00 ➝ C$140.00	Buy	N/A
8/17/2021	CGEAF Cogeco Communications	Boost Price Target	C$91.00	C$130.00 ➝ C$135.00	Buy	N/A
8/17/2021	CCA Cogeco Communications	Boost Price Target	C$115.00	C$130.00 ➝ C$135.00	Buy	N/A
8/16/2021	DNN Denison Mines	Boost Price Target	C$2.00	C$1.55 ➝ C$1.65	Hold	N/A
8/16/2021	DML Denison Mines	Boost Price Target	C$2.00	C$1.55 ➝ C$1.65	Hold	N/A