Upgrades, Downgrades and Target Changes - Feb 21 2012

Company	Ticker	Rating/Target Change
Agnico Eagle	AEM	cuts rating to sector underperformer	CIBC
	AEM	cuts target price from C$50 to C$44	Macquarie
Barrick Gold	ABX	cuts price target from 69 yo 67	TD
Boardwalk REIT	BEI.UN	raises price target to C$60 from C$56	CIBC
	BEI.UN	raises price target to C$59.75 from C$56.50, rating outperform	NBF
	BEI.UN	raises target price to C$56 from C$51.25	Dundee
Chemtrade	CHE.UN	raises price target to C$17.50 from C$15.50, rating outperform	NBF
Cott	BCB	cuts price target to $8 from $9	CIBC
Enbridge	ENB	raises price target to c$43 from c$41	RBC
	ENB	raises price target to C$40 from C$38	UBS
Encana	ECA	raises rating to hold	Canaccord Geniuty
AginiFairfax Financial	FFH	cuts price target to C$425 from C$450	CIBC
Flint Energy	FES	raises price target to C$25 from C$19	CIBC
GoldCorp	G	cuts target price to $68 from $73, rating outperform	RBC
Groupe Aeroplan	AIM	raises price target to c$17 from c$16	RBC
Industrial Alliance	IAG	cuts price target to C$28 from C$31	CIBC
Penn West	PWT	raises price target to C$31 from C$30	CIBC
	PWT	cuts price target to C$28 from C$31	RBC
	PWT	cuts price target to C$30 from C$33	TD
Keyara	KEY	cuts price target to C$42 from C$45	TD
Martinrea	MRE	raises target price to C$15.75 from C$15.50	Canaccord Genuity
MCAN Mortgage	MKP	raises price target to C$15 from C$13, rating sector perform	NBF
Petrobakken	PBN	raises price target to C$23 from C$22	CIBC
Quadra Fnx Mining	QUX	cuts to sector perform from outperform .cuts price target to c$15 from c$18	RBC
Tim Hortons	THI	raises price target to C$57 from C$53	RBC
West Fraser Timber	WFT	cuts price target to C$55 from C$58	TD
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