Upgrades, Downgrades and Target Changes - Jan 31 2012

Company	Ticker	Rating/Target Change
Canadian Imperial Bank of Commerce	CM	cuts target to C$85 from C$86	Canaccord genuity
CanWel Building Materials	CWX	cuts to hold from buy	Canaccord genuity
Churchill Corp	CUQ	raised to Outperform from Market Perform  . The 12-month target price is $15.00 per share	Raymond James
Compton Petroleum	CMT	target reduced to 5.00 from 7.00	Scotia
Cogeco Cable	CCA	upgrade to sector outperform	Himalaya Jain
First Quantum Minerals Ltd	FM	cuts price target to C$31 from C$33	Nomura
Magna International	MG	cut to Neutral from Overweight	JP Morgan
Potash Corp.	POT	cut to Neutral from Buy . Sees “less compelling risk reward” on stalling potash fundamentals.	Goldman
RuggedCom Inc	RCM	revises opinion to tender from outperform; raises price target to C$33 from C$28	National Bank
Samafo	SMF	targe reduced from 11.00 to 10.00	Scotia
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