Upgrades, Downgrades and Target Changes - Mar 14 2012

Company	Ticker	Rating/Target Change
Alimentation Couche Tard	ATD.B	raises target to C$36.50 from C$34	Canaccord Genuity
	ATD.B	cuts to sector performer from sector outperformer	CIBC
	ATD.B	raises price target to C$36 from C$35	RBC
	ATD.B	raises target to C$36 from C$34; rating outperform	BMO
	ATD.B	target to C$43 from C$38,action list buy	TD Securities
	ATD.B	raises target to C$35 from C$34, rating buy	Desjardins
Alliance Grain	AGT	cuts price target to C$20 from C$21	National  Bank
Black Diamond	BDI	raises price target to C$21.90 from C$21.50, rating buy	Acumen
C&C Energia	CZE	raises price target to C$13 from C$12;rating sector utperformer	CIBC
Empire Co	EMP.A	cuts price target to C$65 from C$70	CIBC
	EMP.A	cuts price target to C$61 from C$63; rating market perform	BMO
Great Panther Silver Ltd	GPR	cuts to neutral	Dundee
H&R REIT	HR.UN	raises price target to C$26.75 from C$25, rating buy	Canaccord Genuity
	HR.UN	raises price target to C$25.50 from C$24; rating outperform	RBC
NovaGold Resources	NG	cuts price target to C$10 from C$11, rating sector perform	RBC
Pulse Seismic	PSD	raises target to C$2.50 from C$2.25; rating buy	PARADIGM
Pure Industrial	AAR.UN	raises target to C$5.25 from C$5, rating buy	Canaccord Genuity
	AAR.UN	raises target to C$4.75 from C$4.50; rating sector perform	RBC
Romarco Minerals	R	cuts target to C$1.25 from C$1.50, rating sector perform	RBC
Suncor Energy	SU	cuts target price by C$2 to C$44, rating buy tve.	Canaccord Genuity
Transcontinental	TCL.A	cuts price target to C$16.10 from C$18.50	Canaccord Genuity
	TCL.A	cuts target to C$15.50 from C$17	National  Bank
TransGlobe Apartment	TGL.UN	raises target to C$12.70 from C$12.30	Canaccord Genuity
	TGL.UN	raises price target to C$14 from C$13.50	CIBC
	TGL.UN	raises price target to C$12.75 from C$12	RBC
	TGL.UN	raises target to C$14.50 from C$13.75, rating buy	Dundee
Viterra Inc	VT	cuts to neutral from buy	UBS
5n Plus	VNP	raises to outperform from sector perform	National Bank
	VNP	cuts price target to C$5.75 from C$8; rating sector outperformer	CIBC
	VNP	cuts target to C$4 from C$5.25; rating sectorperform	Stonecap
	VNP	cuts price target to C$3.30 from C$5.50; rating sell	Versant Partners
	VNP	cuts price target to C$9 from C$13	NCP Northland
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