National Bank Financial Analyst Recommendations & Stock Picks

This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at National Bank Financial. These ratings and price targets were collected from pubilc media reports and are believed to be accurate, but cannot be verified with 100% certainty. MarketBeat and its parent company are in no way affiliated with or endorsed by National Bank Financial.

Company	Date	Action	Brokerage	Rating	Price Target	Impact on Price	Actions
TCL.A Transcontinental	12/13/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$16.50 -> C$17.50	N/A
FN First National Financial	12/13/2019	Reiterated by	National Bank Financial	Sector Perform	C$41.00	N/A
EMP.A Empire	12/13/2019	Target Lowered by	National Bank Financial	Outperform	C$39.00 -> C$38.00	N/A
CP Canadian Pacific Railway	12/13/2019	Target Raised by	National Bank Financial	Sector Perform	C$322.00 -> C$351.00	N/A
CNR Canadian National Railway	12/13/2019	Target Raised by	National Bank Financial		C$118.00 -> C$125.00	N/A
DPM Dundee Precious Metals	12/10/2019	Reiterated by	National Bank Financial	Outperform -> Outperfrom Under Weight		N/A
DIR.UN Dream Industrial Real Estate Invest Trst	12/12/2019	Target Set by	National Bank Financial	Outperform	C$14.25	N/A
WJA WestJet Airlines	12/11/2019	Target Set by	National Bank Financial	Tender	C$31.00	N/A
NWH.UN NorthWest Health Prop Real Est Inv Trust	12/11/2019	Target Set by	National Bank Financial	Sector Perform	C$12.50	N/A
DPM Dundee Precious Metals	12/11/2019	Target Set by	National Bank Financial	Outperform	C$7.75	N/A
DGC Detour Gold	12/10/2019	Upgraded by	National Bank Financial	Underperform -> Sector Perform	C$21.72 -> C$27.00	N/A
HWO High Arctic Energy Services	12/9/2019	Target Set by	National Bank Financial	Sector Perform	C$2.75	N/A
CAR.UN Canadian Apartment Properties REIT	12/9/2019	Target Set by	National Bank Financial	Outperform	C$63.00	N/A
TD Toronto-Dominion Bank	12/6/2019	Target Lowered by	National Bank Financial	Outperform	C$83.00 -> C$81.00	N/A
T TELUS	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$54.00 -> C$55.00	N/A
TCS TECSYS	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$18.00 -> C$21.00	N/A
OSK Osisko Mining	12/6/2019	Target Set by	National Bank Financial	Outperform	C$4.10	N/A
CPX Capital Power	12/6/2019	Target Raised by	National Bank Financial	Outperform	C$39.00 -> C$40.00	N/A
CWB Canadian Western Bank	12/6/2019	Target Lowered by	National Bank Financial	Sector Perform	C$36.00 -> C$34.00	N/A
CM Canadian Imperial Bank of Commerce	12/6/2019	Target Lowered by	National Bank Financial	Sector Perform	C$114.00 -> C$110.00	N/A
BNP Bonavista Energy	12/6/2019	Target Raised by	National Bank Financial	Sector Perform	C$0.50 -> C$0.60	N/A
BCI New Look Vision Group	12/4/2019	Upgraded by	National Bank Financial	Sector Perform Under Weight -> Outperform Market Weight		N/A
RY Royal Bank of Canada	12/5/2019	Target Lowered by	National Bank Financial	Outperform	C$117.00 -> C$116.00	N/A
LB Laurentian Bank of Canada	12/5/2019	Target Lowered by	National Bank Financial	Underperform	C$40.00 -> C$38.00	N/A
KL Kirkland Lake Gold	12/5/2019	Target Lowered by	National Bank Financial	Underperform	C$50.00 -> C$48.00	N/A
ITR Integra Resources	12/5/2019	Target Set by	National Bank Financial	Outperform	C$2.25	N/A
INO.UN Inovalis Real Estate Investment Trust	12/5/2019	Reiterated by	National Bank Financial	Sector Perform	C$11.50	N/A
DOL Dollarama	12/5/2019	Target Lowered by	National Bank Financial	Outperform	C$52.00 -> C$51.00	N/A
CNQ Canadian Natural Resources	12/5/2019	Target Lowered by	National Bank Financial	Sector Perform	C$44.00 -> C$42.00	N/A
AP.UN Allied Properties Real Estate Investment	12/5/2019	Target Set by	National Bank Financial	Outperform	C$58.00	N/A
RNW TransAlta Renewables	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	C$13.75 -> C$14.25	N/A
NPI Northland Power	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$28.00 -> C$29.00	N/A
GEI Gibson Energy	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$28.00 -> C$29.00	N/A
FTS Fortis	12/4/2019	Reiterated by	National Bank Financial	Sector Perform	C$54.00	N/A
BEP.UN Brookfield Renewable Partners	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	C$42.50 -> C$46.00	N/A
BIP.UN Brookfield Infrastructure Partners	12/4/2019	Target Raised by	National Bank Financial	Outperform	C$52.00 -> C$54.00	N/A
BMO Bank of Montreal	12/4/2019	Target Lowered by	National Bank Financial	Outperform	C$110.00 -> C$109.00	N/A
APR.UN Automotive Properties Real Est Invt TR	12/4/2019	Target Set by	National Bank Financial	Outperform	C$13.00	N/A
AQN Algonquin Power & Utilities	12/4/2019	Target Raised by	National Bank Financial	Sector Perform	$14.00 -> $14.50	Low
OBE Obsidian Energy	12/3/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.75 -> C$1.00	N/A
DIR.UN Dream Industrial Real Estate Invest Trst	12/3/2019	Target Set by	National Bank Financial	Outperform	C$14.25	N/A
LAS.A Lassonde Industries	12/2/2019	Reiterated by	National Bank Financial	Sector Perform	C$172.00	N/A
CHR Chorus Aviation	12/2/2019	Target Set by	National Bank Financial	Outperform	C$9.00	N/A
TCL.A Transcontinental	12/1/2019	Target Raised by	National Bank Financial	Sector Perform	C$16.00 -> C$16.50	N/A
REAL Real Matters	11/29/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$13.00 -> C$17.00	N/A
GDI GDI Integrated Facility Services	11/29/2019	Target Raised by	National Bank Financial	Outperform	C$36.00 -> C$42.00	N/A
BLX Boralex	11/29/2019	Target Raised by	National Bank Financial	Outperform	C$26.00 -> C$27.00	N/A
LXE Leucrotta Exploration	11/28/2019	Target Lowered by	National Bank Financial	Outperform	C$1.50 -> C$1.00	N/A
DOO BRP	11/28/2019	Target Raised by	National Bank Financial	Outperform	C$71.00 -> C$73.00	N/A
ATD.B Alimentation Couche-Tard	11/28/2019	Target Raised by	National Bank Financial	Outperform	C$47.00	N/A
LUN Lundin Mining	11/27/2019	Target Raised by	National Bank Financial	Outperform	C$8.50 -> C$8.75	N/A
TGB Taseko Mines	11/27/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform		N/A
ROOT Roots	11/26/2019	Target Lowered by	National Bank Financial	Sector Perform	C$4.00 -> C$3.50	N/A
NWH.UN NorthWest Health Prop Real Est Inv Trust	11/26/2019	Target Raised by	National Bank Financial	Sector Perform	C$12.00 -> C$12.50	N/A
KL Kirkland Lake Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform	C$66.00 -> C$50.00	N/A
FN First National Financial	11/26/2019	Target Set by	National Bank Financial	Sector Perform	C$38.00	N/A
DGC Detour Gold	11/26/2019	Downgraded by	National Bank Financial	Outperform -> Underperform	C$27.00 -> C$21.72	N/A
AP.UN Allied Properties Real Estate Investment	11/26/2019	Target Set by	National Bank Financial	Outperform	C$58.00	N/A
DRGDF Detour Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform		Medium
KL Kirkland Lake Gold	11/26/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform		Low
OR Osisko gold royalties	11/21/2019	Reiterated by	National Bank Financial	Sector Perform Under Weight		Low
TCW Trican Well Service	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$1.40 -> C$1.10	N/A
TCL.A Transcontinental	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$16.50 -> C$16.00	N/A
STEP STEP Energy Services	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$2.00 -> C$1.30	N/A
PD Precision Drilling	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$3.00 -> C$2.75	N/A
NESR National Energy Services Reunited	11/25/2019	Target Lowered by	National Bank Financial	Outperform	$15.00 -> $14.00	High
INO.UN Inovalis Real Estate Investment Trust	11/25/2019	Target Raised by	National Bank Financial	Sector Perform	C$11.00 -> C$11.50	N/A
FTS Fortis	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$55.00 -> C$54.00	N/A
EFX Enerflex	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$18.00 -> C$17.00	N/A
CEU CES Energy Solutions	11/25/2019	Target Lowered by	National Bank Financial	Outperform	C$3.50 -> C$3.25	N/A
CFW Calfrac Well Services	11/25/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.75 -> C$1.20	N/A
TD Toronto-Dominion Bank	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$79.00 -> C$83.00	N/A
RY Royal Bank of Canada	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$111.00 -> C$117.00	N/A
OR Osisko gold royalties	11/22/2019	Reiterated by	National Bank Financial	Sector Perform	C$15.00	N/A
LB Laurentian Bank of Canada	11/22/2019	Target Raised by	National Bank Financial	Underperform	C$38.00 -> C$40.00	N/A
CWB Canadian Western Bank	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$30.00 -> C$36.00	N/A
CM Canadian Imperial Bank of Commerce	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$110.00 -> C$114.00	N/A
BNS Bank of Nova Scotia	11/22/2019	Target Raised by	National Bank Financial	Sector Perform	C$75.00 -> C$79.00	N/A
BMO Bank of Montreal	11/22/2019	Target Raised by	National Bank Financial	Outperform	C$109.00 -> C$110.00	N/A
PSH Petroshale	11/21/2019	Target Lowered by	National Bank Financial	Outperform	C$1.50 -> C$1.35	N/A
MRU Metro	11/21/2019	Target Raised by	National Bank Financial	Sector Perform	C$56.00 -> C$57.00	N/A
BTB.UN BTB Real Estate Investment Trust	11/20/2019	Target Raised by	National Bank Financial	Sector Perform	C$4.65 -> C$4.75	N/A
MAXR Maxar Technologies	11/20/2019	Target Raised by	National Bank Financial	Sector Perform	$9.00 -> $12.50	Low
TGB Taseko Mines	11/17/2019	Downgraded by	National Bank Financial	Outperform Spec Overweight -> Sector Perform Spec Overwgt		Medium
TKO Taseko Mines	11/17/2019	Downgraded by	National Bank Financial	Outperform Spec Overweight -> Sector Perform Spec Overwgt		N/A
HR.UN H&R Real Estate Investment Trust	11/19/2019	Target Lowered by	National Bank Financial	Outperform	C$28.00 -> C$27.00	N/A
DOO BRP	11/19/2019	Target Raised by	National Bank Financial	Outperform	C$58.00 -> C$71.00	N/A
FTMNF Victoria Gold	11/18/2019	Upgraded by	National Bank Financial	Buy		Low
YRI Yamana Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$6.00 -> C$5.50	N/A
WPM Wheaton Precious Metals	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$50.00 -> C$48.00	N/A
WDO Wesdome Gold Mines	11/18/2019	Target Raised by	National Bank Financial		C$9.00 -> C$9.50	N/A
TV Trevali Mining	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$0.35 -> C$0.40	N/A
TMR TMAC Resources	11/18/2019	Target Lowered by	National Bank Financial		C$8.50 -> C$7.00	N/A
TECK.B Teck Resources	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$31.50 -> C$27.00	N/A
TKO Taseko Mines	11/18/2019	Target Lowered by	National Bank Financial		C$1.00 -> C$0.90	N/A
SVI StorageVault Canada	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$3.50 -> C$4.25	N/A
SSRM SSR Mining	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$28.50 -> C$26.00	N/A
S Sherritt International	11/18/2019	Target Lowered by	National Bank Financial		C$0.50 -> C$0.35	N/A
SMF Semafo	11/18/2019	Target Lowered by	National Bank Financial		C$7.50 -> C$6.00	N/A
SSL Sandstorm Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$11.75 -> C$11.25	N/A
RGLD Royal Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	$135.00 -> $130.00	Low
PAAS Pan American Silver	11/18/2019	Target Lowered by	National Bank Financial		C$34.50 -> C$31.00	N/A
OGC OceanaGold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$5.00 -> C$4.50	N/A
NEXA Nexa Resources	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$17.00 -> C$14.50	N/A
NGT NEWMONT GOLD-TS	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$64.00 -> C$61.00	N/A
NGD New Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$1.50 -> C$1.30	N/A
NCU Nevada Copper	11/18/2019	Target Lowered by	National Bank Financial		C$0.45 -> C$0.40	N/A
LUG Lundin Gold	11/18/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$9.50	N/A
LGD Liberty Gold	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$1.00 -> C$1.10	N/A
LMC Leagold Mining	11/18/2019	Target Lowered by	National Bank Financial		C$4.00 -> C$3.50	N/A
KL Kirkland Lake Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$70.00 -> C$66.00	N/A
K Kinross Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$9.50 -> C$8.50	N/A
IVQ.U Invesque	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$6.50 -> C$6.25	N/A
IMG Iamgold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$8.00 -> C$7.25	N/A
HBM Hudbay Minerals	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$5.50 -> C$5.00	N/A
GSC Golden Star Resources	11/18/2019	Target Lowered by	National Bank Financial		C$5.50 -> C$5.00	N/A
FNV Franco Nevada	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$150.00 -> C$145.00	N/A
FM First Quantum Minerals	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$12.00 -> C$12.75	N/A
FR First Majestic Silver	11/18/2019	Target Lowered by	National Bank Financial		C$18.00 -> C$16.50	N/A
FIL Filo Mining	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$4.75 -> C$4.25	N/A
ERO Ero Copper	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$18.00 -> C$19.75	N/A
ELD Eldorado Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$15.00 -> C$13.50	N/A
DGC Detour Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$28.00 -> C$27.00	N/A
CMMC Copper Mountain Mining Co..	11/18/2019	Target Lowered by	National Bank Financial		C$1.10 -> C$1.00	N/A
CHR Chorus Aviation	11/18/2019	Target Set by	National Bank Financial	Outperform	C$9.00	N/A
CS Capstone Mining	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$0.75 -> C$0.80	N/A
BEI.UN Boardwalk REIT	11/18/2019	Target Raised by	National Bank Financial	Sector Perform	C$48.50 -> C$51.00	N/A
ABX Barrick Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$34.00 -> C$30.00	N/A
BTO B2Gold	11/18/2019	Target Raised by	National Bank Financial		C$7.50 -> C$8.00	N/A
APR.UN Automotive Properties Real Est Invt TR	11/18/2019	Target Raised by	National Bank Financial	Outperform	C$12.00 -> C$13.00	N/A
AR Argonaut Gold	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$3.75 -> C$3.50	N/A
ATD.B Alimentation Couche-Tard	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$45.00	N/A
AGI Alamos Gold	11/18/2019	Target Lowered by	National Bank Financial	Sector Perform	C$10.50 -> C$8.75	N/A
ASR Alacer Gold	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$8.00 -> C$7.50	N/A
AEM Agnico Eagle Mines	11/18/2019	Target Lowered by	National Bank Financial	Outperform	C$102.00 -> C$99.00	N/A
NEXA Nexa Resources	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform		Low
TGB Taseko Mines	11/18/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	$0.90	N/A
SES Secure Energy Services	11/15/2019	Target Lowered by	National Bank Financial	Outperform	C$9.00 -> C$8.25	N/A
SIS Savaria	11/15/2019	Target Raised by	National Bank Financial	Outperform	C$15.00 -> C$16.00	N/A
OSK Osisko Mining	11/15/2019	Reiterated by	National Bank Financial	Outperform	C$4.10	N/A
MRU Metro	11/15/2019	Target Raised by	National Bank Financial	Sector Perform	C$55.00 -> C$56.00	N/A
ITR Integra Resources	11/15/2019	Target Set by	National Bank Financial	Outperform	C$2.25	N/A
CPG Crescent Point Energy	11/15/2019	Target Raised by	National Bank Financial	Outperform	C$9.50 -> C$10.00	N/A
AKU.U Akumin	11/15/2019	Target Lowered by	National Bank Financial	Outperform	C$6.00 -> C$5.75	N/A
UNS Uni Select	11/14/2019	Target Lowered by	National Bank Financial	Sector Perform	C$15.50 -> C$12.00	N/A
PL Pinnacle Renewable	11/14/2019	Target Lowered by	National Bank Financial	Outperform	C$15.50 -> C$14.00	N/A
PRO Pershimex Resources	11/14/2019	Target Lowered by	National Bank Financial	Outperform	C$0.50 -> C$0.40	N/A
PLC Park Lawn	11/14/2019	Target Raised by	National Bank Financial	Outperform	C$31.50 -> C$33.00	N/A
NFI NFI Group	11/14/2019	Target Lowered by	National Bank Financial	Outperform	C$37.00 -> C$34.00	N/A
MAXR Maxar Technologies	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	$8.50 -> $9.00	Low
MAV MAV Beauty Brands	11/14/2019	Target Lowered by	National Bank Financial	Sector Perform	C$9.50 -> C$5.00	N/A
L Loblaw Companies	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$71.00 -> C$72.00	N/A
HCG Home Capital Group	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$29.00 -> C$35.00	N/A
CAE CAE	11/14/2019	Target Raised by	National Bank Financial	Sector Perform	C$36.00 -> C$37.00	N/A
DRTT DIRTT Environmental	11/10/2019	Reiterated by	National Bank Financial	Sector Perform Market Weight		Medium
Y Yellow Pages	11/13/2019	Target Raised by	National Bank Financial	Outperform	C$10.00 -> C$11.50	N/A
SRX Storm Resources	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$2.25 -> C$2.00	N/A
SCL Shawcor	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$28.50 -> C$22.50	N/A
PRQ Petrus Resources	11/13/2019	Target Lowered by	National Bank Financial	Outperform	C$0.50 -> C$0.40	N/A
IMO Imperial Oil	11/13/2019	Target Lowered by	National Bank Financial	Sector Perform	C$47.00 -> C$41.00	N/A
HDI Hardwoods Distribution	11/13/2019	Target Raised by	National Bank Financial	Outperform	C$16.50 -> C$18.00	N/A
MKP MCAN Mortgage	11/12/2019	Target Raised by	National Bank Financial	Underperform	C$15.00 -> C$15.50	N/A
ITP Intertape Polymer Group	11/12/2019	Target Lowered by	National Bank Financial	Outperform	C$22.50 -> C$21.00	N/A
BEP.UN Brookfield Renewable Partners	11/12/2019	Target Raised by	National Bank Financial	Sector Perform	C$41.00 -> C$42.50	N/A
BSR Bluestone Resources	11/12/2019	Target Lowered by	National Bank Financial	Outperform	C$2.90 -> C$2.75	N/A
RBA Ritchie Bros. Auctioneers	11/8/2019	Downgraded by	National Bank Financial	Sector Perform Under Weight -> Underperform Underweight		N/A
KEL Kelt Exploration	11/11/2019	Target Lowered by	National Bank Financial	Outperform	C$7.00 -> C$5.50	N/A
HWO High Arctic Energy Services	11/11/2019	Target Lowered by	National Bank Financial	Sector Perform	C$3.25 -> C$2.75	N/A
EMA Emera	11/11/2019	Target Raised by	National Bank Financial	Sector Perform	C$54.00 -> C$55.00	N/A
DRT Dirtt Environmental Solutions	11/11/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$7.40 -> C$5.25	N/A
CUF.UN Cominar REIT	11/11/2019	Target Raised by	National Bank Financial	Outperform	C$16.00 -> C$17.00	N/A
CSH.UN Chartwell Retirement Residences	11/11/2019	Target Lowered by	National Bank Financial	Sector Perform	C$16.00 -> C$15.50	N/A
AR Argonaut Gold	11/11/2019	Target Lowered by	National Bank Financial	Outperform	C$4.25 -> C$3.75	N/A
DR Medical Facilities	11/11/2019	Target Lowered by	National Bank Financial	Sector Perform	C$8.50 -> C$5.50	N/A
RBA Ritchie Bros. Auctioneers	11/8/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform	$35.50 -> $35.00	Low
T TELUS	11/8/2019	Target Raised by	National Bank Financial	Outperform	C$53.00 -> C$54.00	N/A
SOX Stuart Olson	11/8/2019	Target Lowered by	National Bank Financial	Underperform	C$3.00 -> C$1.25	N/A
STN Stantec	11/8/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$30.50 -> C$36.00	N/A
SAP Saputo	11/8/2019	Target Raised by	National Bank Financial	Sector Perform	C$43.00 -> C$45.00	N/A
RSI Rogers Sugar	11/8/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform	C$5.25 -> C$4.50	N/A
QBR.B Quebecor	11/8/2019	Target Raised by	National Bank Financial	Outperform	C$37.50 -> C$38.50	N/A
BCI New Look Vision Group	11/8/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$36.00	N/A
MFC Manulife Financial	11/8/2019	Target Raised by	National Bank Financial	Outperform	C$26.00 -> C$28.00	N/A
IPL Inter Pipeline	11/8/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$27.00 -> C$26.00	N/A
IPO InPlay Oil	11/8/2019	Target Lowered by	National Bank Financial	Outperform	C$1.50 -> C$1.25	N/A
GXO Granite Oil	11/8/2019	Target Lowered by	National Bank Financial	Sector Perform	C$0.75 -> C$0.60	N/A
FCR First Capital Realty	11/8/2019	Target Lowered by	National Bank Financial	Sector Perform	C$22.50 -> C$22.00	N/A
EFX Enerflex	11/8/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$18.00	N/A
CERV Cervus Equipment	11/8/2019	Target Lowered by	National Bank Financial	Sector Perform	C$13.50 -> C$10.00	N/A
CTC.A Canadian Tire	11/8/2019	Target Raised by	National Bank Financial	Outperform	C$166.00 -> C$173.00	N/A
CNQ Canadian Natural Resources	11/8/2019	Target Raised by	National Bank Financial	Sector Perform	C$43.00 -> C$44.00	N/A
BLX Boralex	11/8/2019	Target Raised by	National Bank Financial	Outperform	C$25.00 -> C$26.00	N/A
VNP 5N Plus	11/8/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$3.50 -> C$5.25	N/A
SLF Sun Life Financial	11/7/2019	Downgraded by	National Bank Financial	Outperform Overweight -> Sector Perform Overweight	C$63.00	N/A
SLF Sun Life Financial	11/7/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform		Low
WSP WSP Global	11/7/2019	Target Raised by	National Bank Financial	Outperform	C$84.00 -> C$92.00	N/A
RNW TransAlta Renewables	11/7/2019	Target Raised by	National Bank Financial	Sector Perform	C$13.25 -> C$13.75	N/A
TOU Tourmaline Oil	11/7/2019	Target Lowered by	National Bank Financial	Outperform	C$23.50 -> C$22.00	N/A
TKO Taseko Mines	11/7/2019	Target Lowered by	National Bank Financial	Outperform	C$1.25 -> C$1.00	N/A
TVE Tamarack Valley Energy	11/7/2019	Target Lowered by	National Bank Financial	Outperform	C$3.75 -> C$3.50	N/A
PSI Pason Systems	11/7/2019	Target Lowered by	National Bank Financial	Outperform	C$20.00 -> C$17.00	N/A
PONY Painted Pony Energy	11/7/2019	Downgraded by	National Bank Financial	Sector Perform -> Underperform	C$0.75 -> C$0.60	N/A
KPT KP Tissue	11/7/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$8.00 -> C$10.00	N/A
IFC Intact Financial	11/7/2019	Target Raised by	National Bank Financial	Sector Perform	C$135.00 -> C$139.00	N/A
IAG Industrial Alliance Insur. & Fin. Ser.	11/7/2019	Target Raised by	National Bank Financial	Sector Perform	C$64.00 -> C$73.00	N/A
EQB Equitable Group	11/7/2019	Target Raised by	National Bank Financial	Sector Perform	C$125.00 -> C$129.00	N/A
EFN Element Fleet Management	11/7/2019	Target Raised by	National Bank Financial		C$12.00 -> C$15.00	N/A
BNE Bonterra Energy	11/7/2019	Target Lowered by	National Bank Financial	Sector Perform	C$6.00 -> C$5.50	N/A
BYL Baylin Technologies	11/7/2019	Target Lowered by	National Bank Financial	Sector Perform	C$2.75 -> C$2.50	N/A
VNP 5N Plus	11/7/2019	Target Lowered by	National Bank Financial	Outperform	C$4.00 -> C$3.50	N/A
TIH Toromont Industries	11/6/2019	Target Raised by	National Bank Financial	Outperform	C$71.00 -> C$79.00	N/A
SWIR Sierra Wireless	11/6/2019	Target Lowered by	National Bank Financial	Sector Perform	$12.50 -> $11.00	Medium
SMF Semafo	11/6/2019	Upgraded by	National Bank Financial	Sector Perform -> Outperform	C$7.50	N/A
PKI Parkland Fuel	11/6/2019	Target Raised by	National Bank Financial	Outperform	C$51.00 -> C$52.00	N/A
MAXR Maxar Technologies	11/6/2019	Target Raised by	National Bank Financial	Sector Perform	$8.50 -> $9.00	Low
GTE Gran Tierra Energy	11/6/2019	Target Lowered by	National Bank Financial	Sector Perform	C$2.25 -> C$2.00	N/A
FTT Finning International	11/6/2019	Target Raised by	National Bank Financial	Outperform	C$28.00 -> C$29.50	N/A
CRT.UN CT Real Estate Investment Trust	11/6/2019	Target Raised by	National Bank Financial	Outperform	C$16.50 -> C$17.00	N/A
BDI Black Diamond Group	11/6/2019	Downgraded by	National Bank Financial	Outperform -> Sector Perform	C$2.60 -> C$2.25	N/A
AD Alaris Royalty	11/6/2019	Target Raised by	National Bank Financial	Sector Perform	C$19.00 -> C$20.00	N/A
CSU Constellation Software	11/4/2019	Reiterated by	National Bank Financial	Sector Perform Under Weight		N/A
PEGI Pattern Energy Group	11/5/2019	Downgraded by	National Bank Financial	Outperform -> Tender	$27.00 -> $26.75	Low
DR Medical Facilities	11/5/2019	Target Lowered by	National Bank Financial	Sector Perform	C$10.50 -> C$8.50	N/A
JWEL Jamieson Wellness	11/5/2019	Target Raised by	National Bank Financial	Outperform	C$25.00 -> C$26.00	N/A
GSY goeasy	11/5/2019	Target Raised by	National Bank Financial	Outperform	C$72.00 -> C$75.00	N/A
CMMC Copper Mountain Mining Co..	11/5/2019	Target Lowered by	National Bank Financial	Outperform	C$1.25 -> C$1.10	N/A
CAS Cascades	11/5/2019	Target Raised by	National Bank Financial	Outperform	C$14.50 -> C$15.00	N/A
TRP Tc Pipelines	11/4/2019	Target Raised by	National Bank Financial	Sector Perform	C$66.00 -> C$67.00	N/A
ZZZ Sleep Country Canada	11/4/2019	Target Lowered by	National Bank Financial	Sector Perform	C$22.00 -> C$21.00	N/A
PGF Pengrowth Energy	11/4/2019	Downgraded by	National Bank Financial	Underperform -> Tender		N/A
KXS Kinaxis	11/4/2019	Target Raised by	National Bank Financial	Outperform	C$100.00 -> C$115.00	N/A
KMP.UN Killam Apartment REIT	11/4/2019	Target Set by	National Bank Financial	Outperform	C$22.00	N/A
GDI GDI Integrated Facility Services	11/4/2019	Target Raised by	National Bank Financial	Outperform	C$34.00 -> C$36.00	N/A
SNCAF Snc-Lavalin Group	11/1/2019	Target Set by	National Bank Financial	Buy	$37.50	N/A
VET Vermilion Energy	11/2/2019	Target Set by	National Bank Financial	Hold	$24.00 -> $20.00	High
TRI Thomson Reuters	11/2/2019	Target Set by	National Bank Financial	Hold	$94.00 -> $93.00	Low
WIR-U WPT Industrial REIT	10/30/2019	Reiterated by	National Bank Financial	Outperfrom Under Weight		N/A
VET Vermilion Energy	11/1/2019	Target Lowered by	National Bank Financial	Sector Perform	C$24.00 -> C$20.00	N/A
TRI Thomson Reuters	11/1/2019	Target Lowered by	National Bank Financial	Sector Perform	C$94.00 -> C$93.00	N/A
SNC Snc-Lavalin Group	11/1/2019	Target Raised by	National Bank Financial	Outperform	C$36.00 -> C$37.50	N/A
S Sherritt International	11/1/2019	Target Lowered by	National Bank Financial	Sector Perform	C$0.60 -> C$0.50	N/A
IFC Intact Financial	11/1/2019	Target Raised by	National Bank Financial	Sector Perform	C$126.00 -> C$135.00	N/A
GIL Gildan Activewear	11/1/2019	Target Lowered by	National Bank Financial	Sector Perform	C$48.00 -> C$40.00	N/A
ECA Encana	11/1/2019	Target Lowered by	National Bank Financial	Outperform	$8.00 -> $7.50	High
CCA Cogeco Communications	11/1/2019	Target Raised by	National Bank Financial	Outperform	C$121.00 -> C$124.00	N/A
YGR Yangarra Resources	10/31/2019	Target Lowered by	National Bank Financial	Outperform	C$3.75 -> C$2.75	N/A
SU Suncor Energy	10/31/2019	Target Lowered by	National Bank Financial	Sector Perform	C$48.00 -> C$47.00	N/A
SES Secure Energy Services	10/31/2019	Target Lowered by	National Bank Financial	Outperform	C$9.25 -> C$9.00	N/A
RME Rocky Mountain Dealerships	10/31/2019	Target Lowered by	National Bank Financial	Sector Perform	C$7.50 -> C$7.00	N/A
ALA Altagas	10/31/2019	Target Raised by	National Bank Financial	Sector Perform	C$20.00 -> C$21.00	N/A

MarketBeat Community Rating for National Bank Financial

Community Ranking:		1.9 out of 5 ( )
Outperform Votes:		17,642 (Vote Outperform)
Underperform Votes:		28,118 (Vote Underperform)
Total Votes:		45,760