The "recommendation terminology" applied by Cormark is:
Top Pick - our best investment ideas, the greatest potential value appreciation Buy - expected to outperform its peer group Market Perform - expected to perform with its peer group Reduce - expected to under perform its peer group Not Rated - These are stocks for which we are restricted from currently publishing, or our recommendation is under review
Additionally, our ratings may be followed by "(S)" which denotes that the investment is speculative and has a higher degree of risk associated with it.
Our target prices are based on a 12-month investment horizon.
