Is Scotiabank a reliable analyst?

In short — Over 1 year, 58.5% of Scotiabank's targets proved profitable, for an average gain of +13.2% per call (all calls, winners and losers) — i.e. -0.4% vs its sector, across 359 timestamped calls replayed against real prices. JPI verdict: mixed reliability. An analyst can be good in one sector and poor in another — details below.

58.5%profitable calls

+13.2%avg gain / call

-0.4%vs sector

359scored calls

In which sectors is Scotiabank reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Energy

61.2%

+22.5%

+24.2%

+33.3% (16)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WMB	▲ Sector Outperform	Sep 10, 26	Sep 10, 27	$72.85	🎯$85	$74.57	+17%	+2% so far
TRGP	▲ Sector Outperform	Sep 10, 26	Sep 10, 27	$290.25	🎯$314	$293.04	+8%	+1% so far
WMB	▲ Sector Outperform	May 12, 26	May 12, 27	$75.71	🎯$86	$74.57	+14%	-2% so far
TRGP	▲ Sector Outperform	May 12, 26	May 12, 27	$263.29	🎯$257	$293.04	-2%	+11% so far
VLO	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$233.83	🎯$226	$456.46	-3%	+95% so far
MPC	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$221.1	🎯$210	$476.98	-5%	+116% so far
XOM	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$150.53	🎯$163	$174.08	+8%	+16% so far
TRGP	▲ Sector Outperform	Apr 13, 26	Apr 13, 27	$239.28	🎯$249	$293.04	+4%	+22% so far

Sample (0 recent finished + 8 in progress) of 85 calls.

▸ Comm.

70.4%

+20.2%

+20.6%

-2.2% (15)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
VZ	▲ Sector Outperform	Oct 9, 26	Oct 9, 27	$41.65	🎯$50	$43.53	+20%	+5% so far
TMUS	▲ Sector Outperform	Oct 9, 26	Oct 9, 27	$148.58	🎯$212	$153.73	+43%	+3% so far
VZ	▲ Sector Outperform	Oct 2, 26	Oct 2, 27	$45.85	🎯$51.5	$43.53	+12%	-5% so far
TMUS	▲ Sector Outperform	Oct 2, 26	Oct 2, 27	$164.64	🎯$217	$153.73	+32%	-7% so far
VZ	▲ Sector Outperform	Jul 27, 26	Jul 27, 27	$48.19	🎯$52.5	$43.53	+9%	-10% so far
VZ	▲ Sector Outperform	Jul 15, 26	Jul 15, 27	$43.88	🎯$51.5	$43.53	+17%	-1% so far
TMUS	▲ Sector Outperform	Jul 15, 26	Jul 15, 27	$192.85	🎯$243	$153.73	+26%	-20% so far
GOOG	▲ Sector Outperform	Apr 30, 26	Apr 30, 27	$381.94	🎯$450	$349.52	+18%	-8% so far

Sample (0 recent finished + 8 in progress) of 27 calls.

▸ Materials

51.7%

+20.5%

+19.9%

-1.1% (19)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NEM	▲ Sector Outperform	Aug 12, 26	Aug 12, 27	$114.19	🎯$149	$115.59	+30%	+1% so far
CF	▲ Sector Outperform	Aug 10, 26	Aug 10, 27	$117.8	🎯$130	$117.25	+10%	+0% so far
ALB	▲ Sector Outperform	Aug 10, 26	Aug 10, 27	$129.36	🎯$190	$97.65	+47%	-25% so far
ALB	▲ Sector Outperform	Jul 28, 26	Jul 28, 27	$113.88	🎯$200	$97.65	+76%	-14% so far
NEM	▲ Sector Outperform	Jul 14, 26	Jul 14, 27	$95.21	🎯$147	$115.59	+54%	+21% so far
CF	▲ Sector Outperform	Jun 30, 26	Jun 30, 27	$108.16	🎯$125	$117.25	+16%	+8% so far
FCX	▲ Sector Outperform	Jun 15, 26	Jun 15, 27	$70.15	🎯$77	$72.42	+10%	+3% so far
ALB	▲ Sector Outperform	May 14, 26	May 14, 27	$180.38	🎯$215	$97.65	+19%	-46% so far

Sample (0 recent finished + 8 in progress) of 29 calls.

▸ Tech

48.1%

+16.2%

+19.9% (30)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MSFT	▲ Sector Outperform	Oct 5, 26	Oct 5, 27	$529.3	🎯$615	$543.45	+16%	+3% so far
ORCL	▲ Sector Outperform	Sep 9, 26	Sep 9, 27	$152.94	🎯$215	$143.2	+41%	-6% so far
CRWD	▲ Sector Outperform	Sep 4, 26	Sep 4, 27	$210.02	🎯$265	$261.21	+26%	+24% so far
PANW	▲ Sector Outperform	Aug 31, 26	Aug 31, 27	$362.09	🎯$430	$397.03	+19%	+10% so far
CRWD	▲ Sector Outperform	Aug 27, 26	Aug 27, 27	$227.96	🎯$250	$261.21	+10%	+15% so far
CRWD	▲ Sector Outperform	Aug 21, 26	Aug 21, 27	$191.95	🎯$227	$261.21	+18%	+36% so far
DDOG	▲ Sector Outperform	Aug 8, 26	Aug 8, 27	$260.78	🎯$285	$283.34	+9%	+9% so far
DDOG	▲ Sector Outperform	Jun 18, 26	Jun 18, 27	$221.37	🎯$275	$283.34	+24%	+28% so far

Sample (0 recent finished + 8 in progress) of 54 calls.

▸ Utilities

70.2%

+6.7%

-1.9% (16)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
XEL	▲ Sector Outperform	Sep 29, 26	Sep 29, 27	$70.48	🎯$77	$74.64	+9%	+6% so far
PPL	▲ Sector Outperform	Sep 29, 26	Sep 29, 27	$32.89	🎯$36	$34.63	+9%	+5% so far
PNW	▲ Sector Outperform	Sep 29, 26	Sep 29, 27	$93.04	🎯$104	$101.58	+12%	+9% so far
NRG	▲ Sector Outperform	Aug 5, 26	Aug 5, 27	$119.05	🎯$211	$107.18	+77%	-10% so far
VST	▲ Sector Outperform	Jul 15, 26	Jul 15, 27	$152.56	🎯$298	$162.36	+95%	+6% so far
NRG	▲ Sector Outperform	Jul 15, 26	Jul 15, 27	$132.75	🎯$226	$107.18	+70%	-19% so far
ETR	▲ Sector Outperform	Apr 30, 26	Apr 30, 27	$116.43	🎯$129	$104.99	+11%	-10% so far
CEG	▲ Sector Outperform	Apr 29, 26	Apr 29, 27	$313	🎯$441	$295.79	+41%	-5% so far

Sample (0 recent finished + 8 in progress) of 57 calls.

▸ Real estate

50%

+1.9%

+2.5%

-0.6% (43)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PLD	▲ Sector Outperform	Oct 13, 26	Oct 13, 27	$0	🎯$150	$133.55	—	⏳
MAA	▼ Sector Underperform	Sep 17, 26	Sep 17, 27	$118.93	🎯$125	$116.45	+5%	-2% so far
FRT	▲ Sector Outperform	Sep 17, 26	Sep 17, 27	$110.91	🎯$126	$105.75	+14%	-5% so far
ESS	▲ Sector Outperform	Sep 17, 26	Sep 17, 27	$270.05	🎯$293	$271.88	+8%	+1% so far
BXP	▲ Sector Outperform	Sep 17, 26	Sep 17, 27	$63.17	🎯$73	$59.99	+16%	-5% so far
CPT	▼ Sector Underperform	Sep 17, 26	Sep 17, 27	$99.12	🎯$102	$98	+3%	-1% so far
PSA	▲ Sector Outperform	Sep 2, 26	Sep 2, 27	$305.73	🎯$343	$288.39	+12%	-6% so far
PSA	▲ Sector Outperform	Aug 18, 26	Aug 18, 27	$325.13	🎯$346	$288.39	+6%	-11% so far

Sample (0 recent finished + 8 in progress) of 82 calls.

▸ Industry

80%

+13.6%

+2.1%

+2.0% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
UBER	▲ Sector Outperform	Sep 9, 26	Sep 9, 27	$72.56	🎯$100	$71.32	+38%	-2% so far
WM	▲ Sector Outperform	Oct 29, 25	Oct 29, 26	$200.57	🎯$254	$211.83	+27%	+6% so far
WM	▲ Sector Outperform	Jul 31, 25	Jul 31, 26	$228.88	🎯$275	$226.59	+20%	-1.1%
WM	▲ Sector Outperform	Jun 27, 25	Jun 27, 26	$228.82	🎯$265	$224.24	+16%	-2.4%
WM	▲ Sector Outperform	Apr 9, 25	Apr 9, 26	$224.42	🎯$260	$233.4	+16%	+3.9%
WM	▲ Sector Outperform	Feb 3, 25	Feb 3, 26	$222.14	🎯$255	$226.58	+15%	+1.9%
WM	▲ Sector Outperform	Jan 27, 25	Jan 27, 26	$213.63	🎯$250	$230.72	+17%	+8.3%
UNP	▲ Outperform	Jan 8, 19	Jan 8, 20	$150.75	🎯$165	$179.39	+9%	+19.4%

Sample (6 recent finished + 2 in progress) of 10 calls.

▸ Health

33.3%

+0.3%

+8.3% (10)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PFE	▲ Sector Outperform	Oct 6, 26	Oct 6, 27	$28	🎯$33	$28.37	+18%	+1% so far
ABBV	▲ Sector Outperform	Oct 6, 26	Oct 6, 27	$266.69	🎯$320	$274.36	+20%	+3% so far
MRK	▲ Sector Outperform	Sep 29, 26	Sep 29, 27	$145.31	🎯$180	$141.98	+24%	-2% so far
AMGN	▲ Sector Outperform	Sep 29, 26	Sep 29, 27	$421.51	🎯$500	$412.84	+19%	-2% so far
AMGN	▲ Sector Outperform	Aug 5, 26	Aug 5, 27	$404.85	🎯$450	$412.84	+11%	+2% so far
MRK	▲ Sector Outperform	Jun 30, 26	Jun 30, 27	$125.37	🎯$155	$141.98	+24%	+13% so far
GILD	▲ Sector Outperform	Feb 11, 26	Feb 11, 27	$155.8	🎯$177	$147.92	+14%	-5% so far
JNJ	▲ Sector Outperform	Jan 22, 26	Jan 22, 27	$220.14	🎯$265	$248.61	+20%	+13% so far

Sample (0 recent finished + 8 in progress) of 9 calls.

The 25 stocks Scotiabank performed best on

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ SLB Schlumberger

66.7%

+57.7%

+88.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SLB	▲ Sector Outperform	Oct 19, 20	Oct 19, 21	$15.49	🎯$22	$34.7	+42%	+124.3%
SLB	▲ Sector Outperform	Jul 28, 20	Jul 28, 21	$19.15	🎯$21	$29.3	+10%	+53.1%
SLB	▲ Sector Outperform	May 12, 16	May 12, 17	$74.09	—	$71.13	—	-4.1%
SLB	▲ Sector Outperform	Oct 11, 12	Oct 11, 13	$72.42	—	$89.8	—	+24.3%

▸ CRWD CrowdStrike

100%

+84.8%

+44.8% (5)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRWD	▲ Sector Outperform	Sep 4, 26	Sep 4, 27	$210.02	🎯$265	$261.21	+26%	+24% so far
CRWD	▲ Sector Outperform	Aug 27, 26	Aug 27, 27	$227.96	🎯$250	$261.21	+10%	+15% so far
CRWD	▲ Sector Outperform	Aug 21, 26	Aug 21, 27	$191.95	🎯$227	$261.21	+18%	+36% so far
CRWD	▲ Sector Outperform	Jun 4, 26	Jun 4, 27	$179.77	🎯$805	$261.21	+348%	+45% so far
CRWD	▲ Sector Outperform	Dec 3, 25	Dec 3, 26	$128.28	🎯$613	$261.21	+378%	+104% so far
CRWD	▲ Sector Outperform	Sep 25, 25	Sep 25, 26	$118.27	🎯$600	$251.92	+407%	+113.2%
CRWD	▲ Sector Outperform	Jun 5, 24	Jun 5, 25	$85.54	🎯$393	$115.48	+359%	+35.3%
CRWD	▲ Sector Outperform	Mar 6, 24	Mar 6, 25	$82.42	🎯$400	$83.24	+385%	+1.2%

▸ GOOG Alphabet Inc. (Class C)

100%

+76.6%

+13.3% (5)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
GOOG	▲ Sector Outperform	Apr 30, 26	Apr 30, 27	$381.94	🎯$450	$349.52	+18%	-8% so far
GOOG	▲ Sector Outperform	Feb 5, 26	Feb 5, 27	$323.1	🎯$400	$349.52	+24%	+8% so far
GOOG	▲ Sector Outperform	Jan 9, 26	Jan 9, 27	$332.73	🎯$375	$349.52	+13%	+5% so far
GOOG	▲ Sector Outperform	Oct 30, 25	Oct 30, 26	$281.82	🎯$336	$349.52	+19%	+24% so far
GOOG	▲ Sector Outperform	Oct 16, 25	Oct 16, 26	$253.79	🎯$310	$349.52	+22%	+38% so far
GOOG	▲ Sector Outperform	Jul 22, 25	Jul 22, 26	$191.51	🎯$240	$317.91	+25%	+66.2%
GOOG	▲ Sector Outperform	Apr 21, 25	Apr 21, 26	$153.9	🎯$200	$337.04	+30%	+119.5%
GOOG	▲ Sector Outperform	Jan 24, 25	Jan 24, 26	$193.77	🎯$240	$333.28	+24%	+72.2%

▸ FCX Freeport-McMoRan

63.6%

+52.7%

+22.0% (5)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FCX	▲ Sector Outperform	Jun 15, 26	Jun 15, 27	$70.15	🎯$77	$72.42	+10%	+3% so far
FCX	▲ Sector Outperform	Apr 14, 26	Apr 14, 27	$68.7	🎯$71	$72.42	+3%	+5% so far
FCX	▲ Sector Outperform	Feb 20, 26	Feb 20, 27	$65.55	🎯$72	$72.42	+10%	+10% so far
FCX	▲ Sector Outperform	Jan 26, 26	Jan 26, 27	$62.87	🎯$70	$72.42	+11%	+15% so far
FCX	▲ Sector Outperform	Nov 19, 25	Nov 19, 26	$41.25	🎯$47	$72.42	+14%	+76% so far
FCX	▲ Sector Outperform	Jul 9, 25	Jul 9, 26	$47.21	🎯$52	$61.37	+10%	+30.3%
FCX	▲ Sector Outperform	Jun 16, 25	Jun 16, 26	$41.91	🎯$48	$69.99	+15%	+67.4%
FCX	▲ Sector Outperform	Aug 19, 24	Aug 19, 25	$43.53	🎯$52	$41.35	+19%	-5.1%

Sample (3 recent finished + 5 in progress) of 11 calls.

▸ DDOG Datadog

100%

+50.5%

+57.7% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DDOG	▲ Sector Outperform	Aug 8, 26	Aug 8, 27	$260.78	🎯$285	$283.34	+9%	+9% so far
DDOG	▲ Sector Outperform	Jun 18, 26	Jun 18, 27	$221.37	🎯$275	$283.34	+24%	+28% so far
DDOG	▲ Sector Outperform	May 8, 26	May 8, 27	$202.32	🎯$225	$283.34	+11%	+40% so far
DDOG	▲ Sector Outperform	Feb 11, 26	Feb 11, 27	$127.33	🎯$160	$283.34	+26%	+123% so far
DDOG	▲ Sector Outperform	Jan 27, 26	Jan 27, 27	$138.21	🎯$180	$283.34	+30%	+105% so far
DDOG	▲ Sector Outperform	Nov 7, 25	Nov 7, 26	$199.72	🎯$217	$283.34	+9%	+42% so far
DDOG	▲ Sector Outperform	Aug 8, 25	Aug 8, 26	$128.83	🎯$150	$260.24	+16%	+102.4%
DDOG	▲ Sector Outperform	Apr 15, 25	Apr 15, 26	$91.88	🎯$125	$123.12	+36%	+34.4%

▸ MPC Marathon Petroleum

75%

+41.3%

+47.5%

+115.7% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
MPC	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$221.1	🎯$210	$476.98	-5%	+116% so far
MPC	▲ Sector Outperform	Oct 9, 25	Oct 9, 26	$180.89	🎯$189	$459.46	+4%	+153.6%
MPC	▲ Sector Outperform	Jul 11, 25	Jul 11, 26	$175.63	🎯$180	$296.81	+2%	+69%
MPC	▲ Sector Outperform	Apr 11, 25	Apr 11, 26	$124.85	🎯$147	$224.73	+18%	+80.5%
MPC	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$164.26	🎯$170	$183.97	+3%	+11.7%
MPC	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$166.71	🎯$191	$175.05	+15%	+5.4%
MPC	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$208.77	🎯$207	$125.26	-1%	-40.2%
MPC	▲ Sector Outperform	Jul 13, 20	Jul 13, 21	$36.2	🎯$48	$55.02	+33%	+52.3%

▸ TRGP Targa Resources

88.9%

+45.7%

+32.6% (6)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TRGP	▲ Sector Outperform	Sep 10, 26	Sep 10, 27	$290.25	🎯$314	$293.04	+8%	+1% so far
TRGP	▲ Sector Outperform	May 12, 26	May 12, 27	$263.29	🎯$257	$293.04	-2%	+11% so far
TRGP	▲ Sector Outperform	Apr 13, 26	Apr 13, 27	$239.28	🎯$249	$293.04	+4%	+22% so far
TRGP	▲ Sector Outperform	Feb 24, 26	Feb 24, 27	$230.14	🎯$246	$293.04	+7%	+27% so far
TRGP	▲ Sector Outperform	Dec 17, 25	Dec 17, 26	$178.6	🎯$199	$293.04	+11%	+64% so far
TRGP	▲ Sector Outperform	Nov 13, 25	Nov 13, 26	$173.1	🎯$198	$293.04	+14%	+69% so far
TRGP	▲ Sector Outperform	Aug 14, 25	Aug 14, 26	$163.19	🎯$204	$277.42	+25%	+70.3%
TRGP	▲ Sector Outperform	Jul 15, 25	Jul 15, 26	$165.99	🎯$201	$280.52	+21%	+68.9%

Sample (2 recent finished + 6 in progress) of 9 calls.

▸ EQT EQT Corporation

100%

+44.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EQT	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$36.83	🎯$55	$58.19	+49%	+58.2%
EQT	▲ Sector Outperform	May 9, 24	May 9, 25	$38.93	🎯$54	$54.5	+39%	+40%
EQT	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$37.25	🎯$52	$49.92	+40%	+34.2%

▸ PANW Palo Alto Networks

85.7%

+40.6%

+70.6% (3)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PANW	▲ Sector Outperform	Aug 31, 26	Aug 31, 27	$362.09	🎯$430	$397.03	+19%	+10% so far
PANW	▲ Sector Outperform	Jun 3, 26	Jun 3, 27	$280.43	🎯$320	$397.03	+14%	+42% so far
PANW	▲ Sector Outperform	Feb 18, 26	Feb 18, 27	$152.35	🎯$180	$397.03	+18%	+161% so far
PANW	▲ Sector Outperform	Aug 19, 25	Aug 19, 26	$181.56	🎯$228	$359.49	+26%	+98.2%
PANW	▲ Sector Outperform	Jan 21, 25	Jan 21, 26	$187.7	🎯$225	$182.07	+20%	-2.9%
PANW	▲ Sector Outperform	Jan 3, 25	Jan 3, 26	$179.5	🎯$200	$181.3	+11%	+1.5%
PANW	▲ Sector Outperform	Aug 20, 24	Aug 20, 25	$179.88	🎯$400	$183.48	+122%	+1.9%
PANW	▲ Sector Outperform	Aug 14, 24	Aug 14, 25	$171.63	🎯$385	$176.78	+124%	+3.2%

▸ EOG EOG Resources

100%

+36.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
EOG	▲ Sector Outperform	Apr 11, 25	Apr 11, 26	$107.64	🎯$130	$136.7	+21%	+27.2%
EOG	▲ Sector Outperform	Apr 13, 23	Apr 12, 24	$121.29	🎯$145	$135.84	+20%	+11.5%
EOG	▲ Sector Outperform	Apr 15, 21	Apr 15, 22	$72.83	🎯$86	$123.08	+18%	+69.3%
EOG	▲ Outperform	Aug 23, 12	Aug 23, 13	$54.46	🎯$125	$78.42	+130%	+44.3%

▸ WELL Welltower

80%

+33.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
WELL	▲ Sector Outperform	Sep 23, 24	Sep 23, 25	$127.6	🎯$133	$170.98	+4%	+34%
WELL	▲ Sector Outperform	Aug 7, 24	Aug 7, 25	$115.73	🎯$121	$167.81	+5%	+45.2%
WELL	▲ Sector Outperform	May 16, 24	May 16, 25	$100.95	🎯$108	$148.4	+7%	+47.3%
WELL	▲ Sector Outperform	Mar 4, 24	Mar 4, 25	$91.55	🎯$96	$154.72	+5%	+69.1%
WELL	▲ Sector Outperform	Apr 4, 22	Apr 4, 23	$97.67	🎯$110	$70.32	+13%	-27.9%

▸ DVN Devon Energy

57.1%

+29.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DVN	▲ Sector Outperform	Oct 9, 25	Oct 9, 26	$32.5	🎯$47	$49.08	+45%	+50.6%
DVN	▲ Sector Outperform	Jul 11, 25	Jul 11, 26	$33.2	🎯$40	$43.82	+20%	+31.7%
DVN	▲ Sector Outperform	Apr 11, 25	Apr 11, 26	$28.73	🎯$35	$47.4	+22%	+64.5%
DVN	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$42.96	🎯$48	$33.08	+12%	-22.7%
DVN	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$48.05	🎯$60	$33.15	+25%	-30.9%
DVN	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$53.42	🎯$67	$28.85	+25%	-46.2%
DVN	▲ Sector Outperform	Jul 13, 20	Jul 13, 21	$10.43	🎯$16	$27.33	+53%	+161.7%
DVN	▲ Sector Outperform	Dec 16, 14	Dec 16, 15	$54.1	—	$30.84	—	-43.5%

▸ FANG Diamondback Energy

50%

+27.5%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FANG	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$194.96	🎯$225	$142.32	+15%	-27.1%
FANG	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$210.93	🎯$245	$141.32	+16%	-32.7%
FANG	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$206.34	🎯$255	$127.93	+24%	-38.1%
FANG	▲ Sector Outperform	Feb 13, 24	Feb 12, 25	$169.86	🎯$200	$156.27	+18%	-8.1%
FANG	▲ Sector Outperform	Mar 8, 22	Mar 8, 23	$130.05	🎯$160	$140.45	+23%	+7.6%
FANG	▲ Sector Outperform	May 21, 21	May 21, 22	$76.31	🎯$95	$135.83	+24%	+78.4%
FANG	▲ Sector Outperform	Feb 1, 21	Feb 1, 22	$57.98	—	$130.45	—	+124.6%
FANG	▲ Sector Outperform	Jul 13, 20	Jul 13, 21	$39.28	🎯$45	$84.45	+15%	+115.3%

▸ VLO Valero Energy

80%

+24.2%

+95.2% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
VLO	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$233.83	🎯$226	$456.46	-3%	+95% so far
VLO	▲ Sector Outperform	Apr 11, 25	Apr 11, 26	$110.33	🎯$136	$241.62	+23%	+119.4%
VLO	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$142.34	🎯$141	$160.84	-1%	+13.4%
VLO	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$148.75	🎯$173	$148.75	+16%	+0.1%
VLO	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$173.54	🎯$165	$111.07	-5%	-36.4%
VLO	▲ Sector Outperform	Jul 13, 20	Jul 13, 21	$54.4	🎯$72	$67.46	+32%	+24.4%
VLO	▲ Sector Outperform	Oct 15, 13	Oct 15, 14	$36.49	—	$43.79	—	+19.9%

▸ DLR Digital Realty

100%

+23.1%

+0.8% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DLR	▲ Sector Outperform	Apr 27, 26	Apr 27, 27	$196.34	🎯$222	$178.14	+13%	-9% so far
DLR	▲ Sector Outperform	Jan 14, 26	Jan 14, 27	$160.57	🎯$189	$178.14	+18%	+11% so far
DLR	▲ Sector Outperform	Apr 22, 25	Apr 22, 26	$151.59	🎯$206	$200.1	+36%	+31.9%
DLR	▲ Sector Outperform	Feb 18, 25	Feb 18, 26	$165.65	🎯$208	$175.59	+26%	+6.3%
DLR	▲ Sector Outperform	Jan 22, 24	Jan 21, 25	$139.02	🎯$157	$182.12	+13%	+31.2%

▸ AKAM Akamai Technologies

42.9%

+20.3%

-2.3% (4)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AKAM	▲ Sector Outperform	May 8, 26	May 8, 27	$153.01	🎯$180	$99.93	+18%	-35% so far
AKAM	▲ Sector Outperform	Feb 20, 26	Feb 20, 27	$98.76	🎯$120	$99.93	+22%	+1% so far
AKAM	▲ Sector Outperform	Jan 9, 26	Jan 9, 27	$91.27	🎯$105	$99.93	+15%	+9% so far
AKAM	▲ Sector Outperform	Nov 7, 25	Nov 7, 26	$87.12	🎯$94	$99.93	+8%	+15% so far
AKAM	▲ Sector Outperform	Aug 8, 25	Aug 8, 26	$70.61	🎯$95	$117.92	+35%	+66.6%
AKAM	▲ Sector Outperform	May 9, 25	May 9, 26	$78.79	🎯$105	$152.85	+33%	+94.2%
AKAM	▲ Sector Outperform	Feb 21, 25	Feb 21, 26	$77.65	🎯$107	$98.62	+38%	+27.2%
AKAM	▲ Sector Outperform	Jan 21, 25	Jan 21, 26	$94.71	🎯$115	$93.76	+21%	-1%

▸ FTNT Fortinet

54.5%

+20.3%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
FTNT	▲ Sector Outperform	Aug 7, 25	Aug 7, 26	$74.39	🎯$85	$164.4	+14%	+120.7%
FTNT	▲ Sector Outperform	May 8, 25	May 8, 26	$97.42	🎯$115	$115.93	+18%	+18.5%
FTNT	▲ Sector Outperform	Feb 7, 25	Feb 7, 26	$109.55	🎯$135	$85.45	+23%	-21.6%
FTNT	▲ Sector Outperform	Jan 21, 25	Jan 21, 26	$98.24	🎯$115	$77.61	+17%	-21%
FTNT	▲ Sector Outperform	Nov 20, 24	Nov 20, 25	$94.02	🎯$110	$78.98	+17%	-16.1%
FTNT	▲ Sector Outperform	Nov 8, 24	Nov 8, 25	$92.04	🎯$85	$81.92	-8%	-10.6%
FTNT	▲ Sector Outperform	Aug 7, 24	Aug 7, 25	$68.68	🎯$75	$74.17	+9%	+8.3%
FTNT	▲ Sector Outperform	May 3, 24	May 3, 25	$58.81	🎯$80	$108.8	+36%	+84.8%

Sample (8 recent finished + 0 in progress) of 11 calls.

▸ LNT Alliant Energy

80%

+14.4%

+20.1%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LNT	▲ Sector Outperform	Aug 20, 24	Aug 20, 25	$57.54	🎯$64	$66.17	+11%	+15.3%
LNT	▲ Sector Outperform	Aug 6, 24	Aug 6, 25	$55.93	🎯$58	$66	+4%	+18.2%
LNT	▲ Sector Outperform	Apr 22, 24	Apr 22, 25	$49.97	🎯$53	$61.46	+6%	+22.5%
LNT	▲ Sector Outperform	Oct 16, 23	Oct 15, 24	$50.02	🎯$59	$62.53	+18%	+24.5%
LNT	▲ Sector Outperform	Dec 20, 19	Dec 19, 20	$54.95	—	$50.55	—	-8.4%

▸ AMZN Amazon

100%

+19.5%

+10.7% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMZN	▲ Sector Outperform	Apr 30, 26	Apr 30, 27	$265.06	🎯$325	$258.58	+23%	-2% so far
AMZN	▲ Sector Outperform	Feb 6, 26	Feb 6, 27	$208.72	🎯$275	$258.58	+32%	+24% so far
AMZN	▲ Sector Outperform	Jul 22, 25	Jul 22, 26	$228.29	🎯$275	$232.86	+20%	+2.4%
AMZN	▲ Sector Outperform	Apr 21, 25	Apr 21, 26	$173.18	🎯$250	$254.57	+44%	+47.5%
AMZN	▲ Sector Outperform	Jan 24, 25	Jan 24, 26	$235.42	🎯$306	$237.77	+30%	+1.3%
AMZN	▲ Sector Outperform	Nov 1, 24	Nov 1, 25	$195.78	🎯$246	$254.51	+26%	+29.7%
AMZN	▲ Sector Outperform	Oct 11, 24	Oct 11, 25	$188.82	🎯$245	$220.92	+30%	+16.6%

▸ XOM ExxonMobil

71.4%

+16.4%

+19.0%

+34.1% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
XOM	▲ Sector Outperform	Apr 22, 26	Apr 22, 27	$150.53	🎯$163	$174.08	+8%	+16% so far
XOM	▲ Sector Outperform	Nov 3, 25	Nov 3, 26	$114.14	🎯$155	$174.08	+36%	+53% so far
XOM	▲ Sector Outperform	Oct 9, 25	Oct 9, 26	$110.73	🎯$128	$171.63	+16%	+55.5%
XOM	▲ Sector Outperform	Jul 11, 25	Jul 11, 26	$113.92	🎯$125	$144.68	+10%	+26.9%
XOM	▲ Sector Outperform	Apr 11, 25	Apr 11, 26	$103.39	🎯$115	$153.02	+11%	+47.6%
XOM	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$123.14	🎯$145	$110.83	+18%	-10.1%
XOM	▼ Sector Underperform	Jul 13, 20	Jul 13, 21	$44.07	🎯$47	$59.49	+7%	-35.1%
XOM	▼ Sector Underperform	Jan 23, 20	Jan 22, 21	$66.77	—	$47.41	—	+29%

▸ T AT&T

80%

+19.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
T	▲ Sector Outperform	Jul 11, 25	Jul 11, 26	$27.16	🎯$30	$21.46	+10%	-20.7%
T	▲ Sector Outperform	Apr 24, 25	Apr 24, 26	$26.81	🎯$29.5	$25.47	+10%	-4.8%
T	▲ Sector Outperform	Apr 9, 25	Apr 9, 26	$26.47	🎯$29	$26.73	+10%	+1.4%
T	▲ Sector Outperform	Mar 3, 25	Mar 3, 26	$26.22	🎯$28.5	$29.1	+9%	+10.5%
T	▲ Sector Outperform	Jan 28, 25	Jan 28, 26	$24.23	🎯$26	$25.2	+7%	+3.7%
T	▲ Sector Outperform	Jul 25, 24	Jul 25, 25	$19.01	🎯$24	$27.56	+26%	+45.2%
T	▲ Sector Outperform	Jul 10, 24	Jul 10, 25	$18.86	🎯$23	$26.97	+22%	+43%
T	▲ Sector Outperform	Apr 25, 24	Apr 25, 25	$16.75	🎯$22.5	$27.3	+34%	+62.8%

Sample (8 recent finished + 0 in progress) of 10 calls.

▸ AEP American Electric Power

80%

+12.4%

+18.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AEP	▲ Sector Outperform	Aug 20, 24	Aug 20, 25	$97.64	🎯$108	$113.26	+11%	+16.3%
AEP	▲ Sector Outperform	Jul 31, 24	Jul 31, 25	$101.24	🎯$99	$113.39	-2%	+12.2%
AEP	▲ Sector Outperform	May 1, 24	May 1, 25	$88.25	🎯$90	$107.67	+2%	+22%
AEP	▲ Sector Outperform	Apr 22, 24	Apr 22, 25	$85.56	🎯$86	$106.95	+1%	+25.1%
AEP	▲ Sector Outperform	Dec 20, 19	Dec 19, 20	$94.9	🎯$102	$82.56	+7%	-13.5%

▸ OXY Occidental Petroleum

20%

+6.3%

+17.3%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
OXY	▲ Sector Outperform	Oct 10, 24	Oct 10, 25	$54.76	🎯$65	$42.17	+19%	-22.5%
OXY	▲ Sector Outperform	Jul 12, 24	Jul 12, 25	$62	🎯$80	$45.26	+29%	-27.3%
OXY	▲ Sector Outperform	Apr 11, 24	Apr 11, 25	$69.01	🎯$90	$37.96	+30%	-45.1%
OXY	▲ Sector Outperform	Sep 24, 20	Sep 24, 21	$10.64	—	$28.09	—	+164.1%
OXY	▲ Outperform	May 21, 18	May 21, 19	$85.79	—	$53.19	—	-37.6%

▸ CNP CenterPoint Energy

100%

+16.6%

-1.0% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CNP	▲ Sector Outperform	Oct 24, 25	Oct 24, 26	$39.74	🎯$45	$39.36	+13%	-1% so far
CNP	▲ Sector Outperform	Jul 25, 25	Jul 25, 26	$37.3	🎯$42	$44.01	+13%	+18%
CNP	▲ Sector Outperform	Apr 25, 25	Apr 25, 26	$38.24	🎯$40	$42.83	+5%	+12.2%
CNP	▲ Sector Outperform	Dec 12, 24	Dec 12, 25	$31.94	🎯$35	$38.33	+10%	+19.6%

▸ DTE DTE Energy

100%

+16.0%

+14.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
DTE	▲ Sector Outperform	Dec 12, 24	Dec 12, 25	$121.28	🎯$147	$128.56	+21%	+6.2%
DTE	▲ Sector Outperform	Aug 20, 24	Aug 20, 25	$122.93	🎯$137	$140.14	+11%	+14.3%
DTE	▲ Sector Outperform	Apr 22, 24	Apr 22, 25	$110.12	🎯$120	$136.55	+9%	+23.7%
DTE	▲ Sector Outperform	Jul 24, 18	Jul 24, 19	$90.83	—	$109	—	+19.7%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.

❓ Scotiabank: frequently asked questions

Is Scotiabank a reliable analyst? How accurate are their price targets?

Over 12 months, 58.5% of Scotiabank's targets were profitable, averaging +13.2% per call (-0.4% vs their sector), across 359 timestamped calls. Verdict: mixed reliability. We judge on real results, not reputation — the call-by-call detail is further up this page.