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
10/20/2026	PSYTF Pason Systems	Downgrade	$10.00		Buy ➝ Hold
10/20/2026	ESVIF Ensign Energy Services	Upgrade	$3.00		Hold ➝ Buy
10/20/2026	PDS Precision Drilling	Upgrade	$94.00	$116.00 ➝ $150.00	Hold ➝ Buy
10/20/2026	BSRT BSR Real Estate Investment Trust	Upgrade	$10.00		Strong-Buy
10/20/2026	ESI Ensign Energy Services	Upgrade	C$4.00		Hold ➝ Strong-Buy
10/20/2026	PSI Pason Systems	Downgrade	C$14.00		Strong-Buy ➝ Hold
10/20/2026	PD Precision Drilling	Upgrade	C$132.00		Hold ➝ Strong-Buy
10/19/2026	CPPKF Faraday Copper	Reiterated Rating	$3.00		Buy ➝ Buy
10/19/2026	ELEEF Element Fleet Management	Reiterated Rating	$15.00		Buy ➝ Buy
10/16/2026	TRP TC Energy	Reiterated Rating	$62.00		Buy ➝ Buy
10/16/2026	PBA Pembina Pipeline	Reiterated Rating	$50.00		Buy ➝ Buy
10/16/2026	KEYUF Keyera	Reiterated Rating	$39.00		Buy ➝ Buy
10/16/2026	GBNXF Gibson Energy	Reiterated Rating	$24.00		Buy ➝ Buy
10/16/2026	ENB Enbridge	Reiterated Rating	$48.00		Buy ➝ Buy
10/13/2026	MTYFF MTY Food Group	Reiterated Rating	$23.00		Hold ➝ Hold
10/9/2026	BYDGF Boyd Group Services	Reiterated Rating	$158.00		Buy ➝ Buy
10/8/2026	GROY Gold Royalty	Initiated Coverage	$3.00	$4.00	Buy
10/8/2026	VMET Versamet Royalties	Initiated Coverage	$8.00		Buy
10/7/2026	ACLLF ATCO	Upgrade	$58.00		Hold ➝ Buy
10/7/2026	CU Canadian Utilities	Upgrade	C$50.00		Hold ➝ Strong-Buy
10/5/2026	ATHOF Athabasca Oil	Downgrade	$9.00		Hold ➝ Sell
10/5/2026	ATH Athabasca Oil	Downgrade	C$12.00		Hold ➝ Strong Sell
10/1/2026	JWLLF Jamieson Wellness	Downgrade	$32.00		Buy ➝ Sell
9/29/2026	SRRTF Slate Grocery REIT	Downgrade	$12.00	$13.00	Sell
9/29/2026	SANG Sangoma Technologies	Downgrade	C$5.00	C$8.00 ➝ C$7.35	Buy ➝ Sell
9/28/2026	CRON Cronos Group	Reiterated Rating	$3.00		Buy ➝ Buy
9/28/2026	ARGTF Artemis Gold	Reiterated Rating	$27.00		Hold ➝ Hold
9/28/2026	AGGZF Ag Growth International	Downgrade	$6.00		Buy ➝ Hold
9/28/2026	AFN Ag Growth International	Downgrade	C$9.00		Strong-Buy ➝ Hold
9/24/2026	KGC Kinross Gold	Lower Price Target	$22.00	$40.00 ➝ $35.00	Buy ➝ Buy
9/24/2026	GIL Gildan Activewear	Lower Price Target	$40.00	$80.00 ➝ $54.00	Buy ➝ Buy
9/17/2026	EQX Equinox Gold	Reiterated Rating	$10.00		Buy ➝ Buy
9/17/2026	CGJTF Cargojet	Reiterated Rating	$60.00		Buy ➝ Buy
9/15/2026	BCE BCE	Reiterated Rating	$20.00		Buy ➝ Buy
9/15/2026	AGFMF AGF Management	Reiterated Rating	$11.00		Buy ➝ Buy
9/14/2026	EGHSF Enghouse Systems	Reiterated Rating	$13.00		Hold ➝ Hold
9/14/2026	TRP TC Energy	Upgrade	$62.00		Hold ➝ Buy
9/14/2026	ENB Enbridge	Initiated Coverage	$48.00		Hold ➝ Buy
9/14/2026	ENB Enbridge	Upgrade	C$67.00		Hold ➝ Strong-Buy
9/14/2026	TRP TC Energy	Upgrade	C$87.00		Hold ➝ Strong-Buy
9/11/2026	RELX Relx	Upgrade	$41.00		Strong-Buy
9/11/2026	WTKWY Wolters Kluwer	Upgrade	$99.00		Strong-Buy
9/9/2026	CEI Coelacanth Energy	Upgrade	C$1.00		Hold
9/9/2026	TAU Thesis Gold	Upgrade	C$2.00		Strong-Buy
8/25/2026	BNS Bank of Nova Scotia	Upgrade	$93.00		Hold ➝ Buy
8/25/2026	BNS Bank of Nova Scotia	Upgrade	C$130.00		Hold ➝ Strong-Buy
8/18/2026	DOO BRP	Upgrade	$58.00		Hold ➝ Buy
8/18/2026	DOO BRP	Upgrade	C$81.00		Hold ➝ Strong-Buy
8/17/2026	TLOFF Talon Metals	Reiterated Rating	$5.00		Buy ➝ Buy
8/17/2026	BIRDF Bird Construction	Reiterated Rating	$48.00		Buy ➝ Buy
8/17/2026	APPTF Automotive Properties Real Estate Investment Trust	Reiterated Rating	$10.00		Hold ➝ Hold
8/14/2026	NPIFF Northland Power	Upgrade	$15.00		Hold ➝ Buy
8/14/2026	NPI Northland Power	Upgrade	C$22.00		Hold ➝ Strong-Buy
8/12/2026	NTIOF National Bank of Canada	Reiterated Rating	$146.00		Hold ➝ Hold
8/12/2026	RY Royal Bank Of Canada	Reiterated Rating	$201.00		Buy ➝ Buy
8/12/2026	CM Canadian Imperial Bank of Commerce	Reiterated Rating	$114.00		Buy ➝ Buy
8/12/2026	BMO Bank Of Montreal	Reiterated Rating	$169.00		Buy ➝ Buy
8/10/2026	ATS ATS	Downgrade	$19.00		Buy ➝ Hold
8/10/2026	BTG B2Gold	Upgrade	$5.00		Hold ➝ Strong-Buy
8/10/2026	BTO B2Gold	Upgrade	C$7.00		Hold ➝ Strong-Buy
8/10/2026	ATS ATS	Downgrade	C$26.00		Strong-Buy ➝ Hold
8/7/2026	SLF Sun Life Financial	Reiterated Rating	$79.00		Buy ➝ Buy
8/7/2026	SISXF Savaria	Reiterated Rating	$22.00		Buy ➝ Buy
8/7/2026	QBCRF Quebecor	Reiterated Rating	$47.00		Buy ➝ Buy
8/7/2026	PRBZF Premium Brands	Reiterated Rating	$52.00		Buy ➝ Buy
8/7/2026	KMMPF Killam Apartment REIT	Reiterated Rating	$12.00		Buy ➝ Buy
8/7/2026	KELTF Kelt Exploration	Reiterated Rating	$8.00		Buy ➝ Buy
8/7/2026	ERO Ero Copper	Reiterated Rating	$30.00		Hold ➝ Hold
8/7/2026	DIIBF Dorel Industries	Reiterated Rating	$1.00		Hold ➝ Hold
8/7/2026	CNQ Canadian Natural Resources	Reiterated Rating	$55.00		Buy ➝ Buy
8/7/2026	ABSSF AirBoss of America	Reiterated Rating	$5.00		Buy ➝ Buy
8/6/2026	TRI Thomson Reuters	Reiterated Rating	$123.00		Buy ➝ Buy
8/6/2026	SII Sprott	Reiterated Rating	$105.00		Hold ➝ Hold
8/6/2026	LWSCF Sienna Senior Living	Reiterated Rating	$15.00		Buy ➝ Buy
8/6/2026	MFC Manulife Financial	Reiterated Rating	$44.00		Buy ➝ Buy
8/6/2026	GMINF G Mining Ventures	Reiterated Rating	$30.00		Buy ➝ Buy
8/6/2026	DREUF Dream Industrial Real Estate Investment Trust	Reiterated Rating	$9.00		Buy ➝ Buy
8/6/2026	CHRRF Chorus Aviation	Reiterated Rating	$22.00		Buy ➝ Buy
8/5/2026	IAFNF iA Financial	Reiterated Rating	$149.00		Hold ➝ Hold
8/5/2026	IMO Imperial Oil	Reiterated Rating	$135.00		Sell ➝ Sell
8/4/2026	FTS Fortis	Reiterated Rating	$58.00		Buy ➝ Buy
8/4/2026	CADNF Cascades	Reiterated Rating	$13.00		Buy ➝ Buy
8/4/2026	ANCTF Alimentation Couche-Tard	Reiterated Rating	$60.00		Buy ➝ Buy
8/3/2026	TU TELUS	Reiterated Rating	$9.00		Buy ➝ Buy
8/3/2026	BTE Baytex Energy	Reiterated Rating	$5.00		Hold ➝ Hold
7/31/2026	VET Vermilion Energy	Reiterated Rating	$14.00		Buy ➝ Buy
7/31/2026	TBCRF Timbercreek Financial	Reiterated Rating	$4.00		Hold ➝ Hold
7/31/2026	PWCDF Power Co. of Canada	Reiterated Rating	$66.00		Hold ➝ Hold
7/31/2026	MNARF Morguard North American Residential Real Estate Investment Trust	Reiterated Rating	$10.00		Buy ➝ Buy
7/31/2026	CFPZF Canfor	Reiterated Rating	$11.00		Buy ➝ Buy
7/31/2026	BDRBF Bombardier	Reiterated Rating	$233.00		Hold ➝ Hold
7/31/2026	ATGFF AltaGas	Reiterated Rating	$40.00		Buy ➝ Buy
7/31/2026	WFG West Fraser Timber	Reiterated Rating	$70.00		Buy ➝ Buy
7/31/2026	TLRY Tilray Brands	Upgrade	$3.00		Strong-Buy
7/30/2026	TOLWF Trican Well Service	Upgrade	$5.00		Hold ➝ Buy
7/30/2026	TCW Trican Well Service	Upgrade	C$7.00		Hold ➝ Strong-Buy
7/29/2026	IFCZF Intact Financial	Reiterated Rating	$189.00		Buy ➝ Buy
7/29/2026	GWLIF Great-West Lifeco	Reiterated Rating	$64.00		Buy ➝ Buy
7/29/2026	CLW Clearwater Paper	Reiterated Rating	$19.00	$20.00	Hold ➝ Hold
7/29/2026	L Loblaw Companies	Upgrade	C$69.00		Strong-Buy