Analyst firms

Scotiabank upgrades, downgrades and price targets

Scotiabank has published 769 rating actions on 446 companies in the Quantisnow ratings feed since June 2021: 223 upgrades, 208 downgrades and 284 initiations. Its most recent action on GIL was on Nov 6, 2026: Scotiabank downgrades to Sector Perform from Sector Outperform, price target $39. Going by its latest rating on each stock, Scotiabank rates 59% of the companies it covers Buy or an equivalent and 2% Sell or an equivalent. Technology is the sector it rates most often.

Rating actions

769

Stocks rated

446

Upgrades

223

Downgrades

208

Latest Scotiabank rating actions

• Nov 6, 2026GIL
  DowngradeGILScotiabank downgrades to Sector Perform from Sector Outperform, price target $39
• Nov 3, 2026ERO
  UpgradeEROScotiabank upgrades to Sector Outperform from Sector Perform

  Scotiabank on ERO
• Oct 28, 2026SLF
  UpgradeSLFScotiabank upgrades to Sector Outperform from Sector Perform
• Oct 28, 2026MFC
  DowngradeMFCScotiabank downgrades to Sector Perform from Sector Outperform
• Oct 23, 2026ASTS
  UpgradeASTSScotiabank upgrades to Sector Outperform from Sector Perform, price target $55.70

  Scotiabank on ASTS
• Oct 19, 2026VALE
  UpgradeVALEScotiabank upgrades to Sector Outperform from Sector Perform, price target $16

  Scotiabank on VALE
• Oct 15, 2026VNOM
  InitiateVNOMScotiabank starts coverage at Sector Outperform, price target $54
• Oct 15, 2026SM
  InitiateSMScotiabank starts coverage at Sector Perform, price target $39
• Oct 15, 2026PR
  InitiatePRScotiabank starts coverage at Sector Outperform, price target $29
• Oct 15, 2026NOG
  InitiateNOGScotiabank starts coverage at Sector Perform, price target $27
• Oct 15, 2026MUR
  InitiateMURScotiabank starts coverage at Sector Perform, price target $41
• Oct 15, 2026MTDR
  InitiateMTDRScotiabank starts coverage at Sector Perform, price target $59
• Oct 15, 2026MGY
  InitiateMGYScotiabank starts coverage at Sector Outperform, price target $31
• Oct 15, 2026INR
  InitiateINRScotiabank starts coverage at Sector Outperform, price target $17
• Oct 15, 2026GPOR
  InitiateGPORScotiabank starts coverage at Sector Outperform, price target $217
• Oct 15, 2026EQT
  InitiateEQTScotiabank starts coverage at Sector Perform, price target $54

  Scotiabank on EQT
• Oct 15, 2026EOG
  InitiateEOGScotiabank starts coverage at Sector Perform, price target $144

  Scotiabank on EOG
• Oct 15, 2026FANG
  InitiateFANGScotiabank starts coverage at Sector Outperform, price target $250

  Scotiabank on FANG
• Oct 15, 2026DVN
  InitiateDVNScotiabank starts coverage at Sector Outperform, price target $61
• Oct 15, 2026CRGY
  InitiateCRGYScotiabank starts coverage at Sector Outperform, price target $18
• Oct 15, 2026CNX
  InitiateCNXScotiabank starts coverage at Sector Perform, price target $34

  Scotiabank on CNX
• Oct 15, 2026CHRD
  InitiateCHRDScotiabank starts coverage at Sector Outperform, price target $192
• Oct 15, 2026APA
  InitiateAPAScotiabank starts coverage at Sector Perform, price target $44
• Oct 15, 2026AR
  InitiateARScotiabank starts coverage at Sector Outperform, price target $46

  Scotiabank on AR
• Oct 13, 2026ERO
  DowngradeEROScotiabank downgrades to Sector Perform from Sector Outperform

  Scotiabank on ERO
• Oct 13, 2026PLD
  UpgradePLDScotiabank upgrades to Sector Outperform from Sector Perform, price target $150

  Scotiabank on PLD
• Oct 9, 2026BULL
  UpgradeBULLScotiabank upgrades to Sector Outperform from Sector Perform, price target $9
• Oct 2, 2026COLD
  UpgradeCOLDScotiabank upgrades to Sector Outperform from Sector Perform, price target $16

  Scotiabank on COLD
• Sep 29, 2026AEE
  InitiateAEEScotiabank starts coverage at Sector Perform, price target $104
• Sep 29, 2026AESI
  InitiateAESIScotiabank starts coverage at Sector Outperform, price target $14
• Sep 29, 2026OGS
  InitiateOGSScotiabank starts coverage at Sector Outperform, price target $86
• Sep 29, 2026OGE
  InitiateOGEScotiabank starts coverage at Sector Outperform, price target $49
• Sep 29, 2026NI
  InitiateNIScotiabank starts coverage at Sector Perform, price target $43
• Sep 29, 2026LBRT
  InitiateLBRTScotiabank starts coverage at Sector Perform, price target $19
• Sep 29, 2026PUMP
  InitiatePUMPScotiabank starts coverage at Sector Perform, price target $12
• Sep 29, 2026SR
  InitiateSRScotiabank starts coverage at Sector Perform, price target $79
• Sep 29, 2026PPL
  InitiatePPLScotiabank starts coverage at Sector Outperform, price target $36
• Sep 29, 2026PNW
  InitiatePNWScotiabank starts coverage at Sector Outperform, price target $104
• Sep 29, 2026SWX
  InitiateSWXScotiabank starts coverage at Sector Outperform, price target $95
• Sep 29, 2026SRE
  InitiateSREScotiabank starts coverage at Sector Perform, price target $83

Stocks Scotiabank rates most

Every stock with three or more Scotiabank ratings (73)

• LAC
• KRC
• BP
• SLG
• GLOB
• ILMN
• QSR
• TMUS
• KNTK
• LNT
• ES
• XOM
• WCN
• MNTK
• TIXT
• MAG
• CVI
• NFG
• RFP
• SJR
• CLR
• TRQ
• WELL

Questions about Scotiabank ratings

How many stocks does Scotiabank cover?

Scotiabank has rated 446 companies in the Quantisnow feed since June 2021, across 769 rating actions.

What was Scotiabank's latest upgrade?

On Nov 3, 2026, Scotiabank upgrades to Sector Outperform from Sector Perform on ERO.

What was Scotiabank's latest downgrade?

On Nov 6, 2026, Scotiabank downgrades to Sector Perform from Sector Outperform, price target $39 on GIL.

Does Scotiabank upgrade or downgrade more often?

Scotiabank has made 223 upgrades and 208 downgrades in the feed, so 52% of its rating changes were upgrades.

Other analyst firms

• Morgan Stanley5,639
• BofA Securities4,126
• Barclays3,644
• Wells Fargo3,642
• Citigroup3,487
• Raymond James3,397
• Jefferies3,133
• Goldman Sachs3,094
• UBS2,887
• Piper Sandler2,689
• TD Cowen2,567
• RBC Capital Markets2,404
• Deutsche Bank2,227
• KeyBanc Capital Markets1,962
• Wolfe Research1,899
• BMO Capital Markets1,784
• Truist Securities1,684
• Stifel1,649
• Needham1,591
• Oppenheimer1,570
• Mizuho1,561
• Evercore ISI1,405
• Robert W. Baird1,397
• H.C. Wainwright1,228

All analyst firms

From rating actions in the Quantisnow feed since June 2021. Includes ratings published as Scotia Howard Weil. Counts refresh every six hours. See also today's analyst upgrades and the live ratings feed.