Upgrades, Downgrades and Target Changes - Mar 19 2012

Company	Ticker	Rating/Target Change
Advantage Oil	AAV	cuts price target to C$5.25 from C$5.75	CIBC
Astral Media	ACM.A	raises price target to C$50 from C$42	National Bank Financial
	ACM.A	raises price target to C$50 from C$45	TD securities
Aurizon Mines Ltd	ARZ	cuts price target to C$8.50 from C$8.70; rating buy	Dundee
Badger Daylighting	BAD	raises price target to C$28.50 from C$24	Canaccord Genuity
BNK Petroleum Inc	BKX	cuts target to C$4.50 from C$5.50; rating buy	TD securities
Canaco	CNE	cuts price target to C$2.80 from C$4.50	CIBC
Chartwell Seniors	CSH.UN	raises price target to C$10 from C$9.75	CIBC
Connacher Oil and Gas Ltd	CLL	cuts target to C$1.10 from C$1.20; market perform	BMO
	CLL	cuts target to C$1.05 from C$1.15; rating neutral	UBS
Corus Entertainment Inc	CJR.B	cuts to hold from buy	TD securities
GASFRAC Energy Services Inc	GFS	cuts to reduce from buy	TD securities
	GFS	cuts target to C$6.5 from C$7.5; rating sell	UBS
Glentel Inc	GLN	cuts price target to C$21 from C$24; rating buy	Paradigm Capital
Industrial Alliance	IAG	raises target to C$34 from C$29	National Bank Financial
InnVest REIT	INN.UN	raises target to C$6.00 from C$5.00; rating buy	TD securities
North West Company	NWC	raises price target to C$22 from C$21	CIBC
	NWC	raises to buy from neutral	Versant
	NWC	raises target to C$22 from C$21; hold	TD securities
Orvana Minerals Corp	ORV	cuts target to C$2.05 from C$2.25	Stonecap Securities
Pure Technologies Ltd	PUR	ups to outperform from sector perform	Stonecap Securities
Research In Motion Ltd	RIM	cuts price target to $11 from $13; rating sell	Berenberg
Scott's REIT	SRQ.UN	cuts price target to C$4.50 from C$5.25; rating sell	Dundee
Tembec	TMB	raises price target to C$4.50 from C$4.25	TD securities
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