| * Air Canada AC.TO: CIBC cuts target price to C$21 from C$24 |
| * Air Canada AC.TO: National Bank of Canada cuts target price to C$23 from C$27 |
| * ARC Resources Ltd ARX.TO: CIBC cuts target price to C$33 from C$35 |
| * Atkinsréalis ATRL.TO: Canaccord Genuity cuts target price to C$105 from C$107 |
| * Baytex Energy Corp BTE.TO: CIBC cuts target price to C$4.25 from C$5 |
| * Canadian Natural Resources Ltd CNQ.TO: CIBC cuts target price to C$52 from C$59 |
| * Cardinal Energy Ltd (Alberta) CJ.TO: CIBC cuts target price to C$7 from C$8 |
| * Cargojet Inc CJT.TO: CIBC cuts target price to C$150 from C$163 |
| * Cenovus Energy Inc CVE.TO: CIBC cuts target price to C$28 from C$32 |
| * Cineplex Inc CGX.TO: Canaccord Genuity cuts target price to C$11 from C$14 |
| * Dollarama Inc DOL.TO: Jefferies initiates coverage with target price C$180 |
| * Dollarama Inc DOL.TO: Jefferies initiates coverage with buy rating |
| * Ensign Energy Services Inc ESI.TO: CIBC cuts target price to C$3.25 from C$3.75 |
| * Freehold Royalties Ltd FRU.TO: CIBC cuts target price to C$15 from C$16 |
| * GFL Environmental Inc GFL.TO: CIBC raises target price to C$77 from C$76 |
| * Headwater Exploration Inc HWX.TO: CIBC cuts target price to C$8.5 from C$9 |
| * Kelt Exploration Ltd KEL.TO: CIBC cuts target price to C$10.75 from C$11.5 |
| * Loblaw Companies Ltd L.TO: National Bank of Canada raises PT to C$207 from C$192 |
| * MEG Energy Corp MEG.TO: CIBC cuts target price to C$28 from C$32 |
| * Mullen Group Ltd MTL.TO: CIBC cuts target price to C$15 from C$18 |
| * North American Construction Group Ltd NOA.TO: CIBC cuts PT to C$37 from C$38 |
| * North West Company Inc NWC.TO: BMO raises target price to C$60 from C$58 |
| * North West Company Inc NWC.TO: TD Cowen raises PT to C$63 from C$59 |
| * Nowvertical Group Inc NOW.V: Stifel initiates coverage with buy rating |
| * Nowvertical Group Inc NOW.V: Stifel initiates coverage with PT C$0.75 |
| * Nuvista Energy Ltd NVA.TO: CIBC cuts target price to C$18 from C$19.5 |
| * Paramount Resources Ltd POU.TO: CIBC cuts target price to C$22 from C$24.5 |
| * Pet Valu Holdings Ltd PET.TO: Stifel raises to buy from hold |
| * Prairiesky Royalty Ltd PSK.TO: CIBC cuts target price to C$28 from C$31.5 |
| * Precision Drilling Corp PD.TO: CIBC cuts target price to C$95 from C$115 |
| * Secure Waste Infrastructure Corp SES.TO: CIBC cuts PT to C$15.25 from C$17.25 |
| * Spartan Delta Corp SDE.TO: CIBC cuts target price to C$5 from C$7 |
| * Strathcona Resources Ltd SCR.TO: CIBC cuts target price to C$33 from C$37 |
| * Tamarack Valley Energy Ltd TVE.TO: CIBC cuts target price to C$5.5 from C$6.5 |
| * Teck Resources Ltd TECKb.TO: JP Morgan cuts target price to C$58 from C$72 |
| * Terravest Industries Inc TVK.TO: Scotiabank raises target price to C$141 from C$140 |
| * Thomson Reuters Corp TRI.TO: BofA Global Research reinstates with price objective C$255 |
| * Thomson Reuters Corp TRI.TO: BofA Global Research reinstates with neutral rating |
| * Topaz Energy Corp TPZ.TO: CIBC cuts target price to C$30 from C$32 |
| * Tourmaline Oil TOU.TO: CIBC cuts target price to C$72.5 from C$80 |
| * Vermilion Energy Inc VET.TO: CIBC cuts target price to C$14 from C$17 |
| * Verticalscope Holdings Inc FORA.TO: CIBC cuts target price to C$6 from C$17 |
| * Verticalscope Holdings Inc FORA.TO: CIBC cuts to neutral from outperformer |
| * Whitecap Resources Inc WCP.TO: CIBC cuts target price to C$13 from C$14.5 |
| * WSP Global Inc WSP.TO: Canaccord Genuity cuts target price to C$300 from C$305 |
