Upgrades, Downgrades and Target Changes - Mar 7 2012

Company	Ticker	Rating/Target Change
Aecon Group	ARE	raises price target to C$15 from C$13.50	CIBC
	ARE	raises target price to C$15 from C$14	Canaccord Genuity
	ARE	raises to outperform from sector perform ,raises price target to C$15 from C$11.50	Stonecap Securities
	ARE	raises price target to C$15.50 from C$15	TD Securities
	ARE	raises to strong buy from outperform	Raymond James
	ARE	raises target price to C$14 from C$12; rating market perform	BMO
	ARE	raises price target to C$17 from C$13.50	Paradigm Capital
Altus Group	AIF	raises price target to C$6.50 from C$4; rating market perform	BMO
Bank of Nova Scotia	BNS	raises price target to C$60 from C$59	CIBC
	BNS	cuts target price to C$58 from C$58.50	Macquarie
	BNS	cuts price target to C$61 from C$62; rating outperform	RBC
	BNS	raises to sector perform from underperform	NBF
Cathedral Energy	CET	raises price target to C$9 from C$8.50	CIBC
Coast Wholesale Appliances	CWA	raises target price to C$4.50 from C$3.50	BMO
Crew Energy	CR	raises target price to C$24.25 from C$21.75	Canaccord Genuity
	CR	cuts price target to C$15 from C$16; rating outperform	BMO
Eastern Platinum	ELR	raises price target to C$0.60 from C$0.58	Barclays
Evertz	ET	Canaccord Genuity cuts price target to C$15.50 from C$16	Canaccord Genuity
	ET	Raises target price to C$16 from C$15; rating outperform	Raymond James
Fortress Paper	FTP	cuts price target to C$32 from C$36; rating reduce	TD Securities
Hemisphere GPS	HEM	cuts target to C$1.40 from C$1.50, rating buy	Canaccord Genuity
	HEM	raises price target to C$1.25 from C$1; rating buy	Dundee
Linamar Corp	LNR	cuts price target to C$25 from C$26	RBC
	LNR	raises price target to C$26 from C$25	Canaccord Genuity
Mainstreet Equity Corp	MEQ	raises price target to C$30 from C$26	TD Securities
Medicago Inc	MDG	raises price target to C$1.20 from C$1.10; rating buy	LB Securities
Paramount Resources	POU	cuts target price to C$42.50 from C$44.00	Canaccord Genuity
Pengrowth Energy Cor	PGF	raises to outperform from market perform	BMO
Research In Motion	RIM	cuts target to $12 from $15	BMO
Uranium One	UUU	cuts price target to C$3.50 from C$3.60	Canaccord Genuity
Vermilion Energy	VET	raises price target to C$51.50 from C$50	Raymond James
Vero Energy Inc	VRO	raises price target to C$3.75 from C$3.50; rating buy	Dundee
Wajax Corp	WJX	raises price target to C$52 from C$51; rating buy	TD Securities
	WJX	cuts to market perform from outperform	Raymond James
	WJX	raises target price to C$51 from C$46; rating outperform	BMO
	WJX	raises price target to C$54 from C$51; rating buy	Desjardin Capital
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