Upgrades, Downgrades and Target Changes - Mar 16 2012

Company	Ticker	Rating/Target Change
Altus Group	AIF	raises to outperform	BMO
Aurizon Mines	ARZ	cuts price target to C$7.50 from C$8	CIBC
Capstone Mining	CS	cuts price target to C$4 from C$4.30, rating sector perform	RBC
Carmanah	CMH	cuts target price to C$0.90 from C$1, rating buy	Canaccord genuity
	CMH	cuts to sector perform from outperform	National Bank Financial
Crescent Point	CPG	Raises price target to C$47 from C$43	Raymond James
	CPG	resumes coverage with outperform	National Bank Financial
Fairborne	FEL	cuts price target to C$3 from C$4	National Bank Financial
	FEL	cuts price target to C$5 from C$5.75	CIBC
	FEL	cuts target to C$4 from C$5.50, rating buy	Canaccord genuity
	FEL	cuts to neutral from buy	Dundee
Gabriel Resources	GBU	cuts price target to C$8 from C$8.50	CIBC
Niko Resources	NKO	Cuts target to C$62 from C$63; rating outperform	Raymond James
Petrobank Energy	PBG	Raises price target to C$15.50 from C$14.50	Raymond James
Power Corp Of Canada	POW	raises price target to C$27.50 from C$27	CIBC
Power Financial	PWF	raises price target to C$29.50 from C$28.50	CIBC
Premium Brands	PBH	raises price target to C$21.50 from C$19	National Bank Financial
Quebecor	QBR.B	raises price target to C$42 from C$41	CIBC
	QBR.B	raises price target to C$46 from C$42	Canaccord genuity
	QBR.B	raises price target to C$42 from C$41, rating outperform	RBC
	QBR.B	raises price target to C$48 from C$44; rating buy	TD Securities
Richmont Mines	RIC	ups to sector perform from underperform	National Bank Financial
Semafo	SMF	cuts price target to C$11 from C$12.25, rating buy	Desjardins
	SMF	cuts price target to C$13 from C$13.50	National bank financial
Sterling Resources		cuts price target to C$3.25 from C$3.50, rating outperform	RBC
Transat	TRZ.B	cuts target to C$7.25 from C$7.50, rating hold	Canaccord Genuity
	TRZ.B	cuts price target to C$7 from C$7.50	CIBC
	TRZ.B	cuts price target to C$9 from C$12, rating buy	Paradigm
	TRZ.B	cuts price target to C$7.50 from C$8; rating hold	TD Securities
	TRZ.B	cuts to hold from buy	LB Securities
Viterra Inc	VT	cuts to hold from buy	TD Securities
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