Upgrades, Downgrades and Target Changes - Feb 22 2012

Company	Ticker	Rating/Target Change
Chorus Aviation Inc	CHR.B	downgraded from Action list Buy to Buy	TD
Novadaq Technologies Inc	NDQ	upgraded to Hold from Reduce. Target price increased to $5.50 from $4.00	TD
Anderson Energy	AXL	cuts to underperform from sector perform	National Bank Financial
Quadra FNX Mining Ltd	QUX	cuts to sector underperformer from sector performer	CIBC
Brookfield Asset Management	BAM.A	raises price target to $37.50 from $34	CIBC
Encana	ECA	cuts price target by $1 to $16, rating equal weight	Barclays
Fortis Inc	FTS	raises price target to C$35.50 from C$35	CIBC
Gran Tierra Energy Inc	GTE	cuts price target to C$6.90 from C$7	CIBC
Orvana Minerals	ORV	cuts price target to C$2.25 from C$2.40	Stonecap
SXC Health Solutions	SXC	raises price target to $71 from $68	Jefferies
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