Upgrades, Downgrades and Target Changes - Mar 26 2012

Company	Ticker	Rating/Target Change
Advantage Oil and Gas Ltd	AAV	Cuts target to C$5 from C$6; rating market perform	BMO
	AAV	Cuts target to C$5 from C$6; rating buy	TD Securities
Air Canada	AC.B	Raises to sector outperformer from sector performer	CIBC
Corus Entertainment	CRJ.B	raises price target to C$26 from C$23.50	NBF
First Quantum	FM	cuts price target to C$24 from C$25	National Bank Financial
Industrielle Alliance Assurance	IAG	Ups target to C$31 from C$28	Canaccord
Ithaca Energy	IAE	Raises price target to C$3.70 from C$3.50; rating outperform	RBC
Labrador Iron Mines Holdings Ltd	LIFE.UN	Cuts price target to C$8	Paradigm Capital
NAL Energy Corp	NAE	Raises price target to C$8.50 from C$8	National Bank Financial
	NAE	Raises price target to C$9 from C$7.50; rating neutral	Macquarie
	NAE	Revises recommendation on to tender from buy	TD Securities
	NAE	Cuts price target to C$8.56 from C$9	TD Securities
Pengrowth Energy	PGF	Cuts price target to C$10 from C$12; rating sector perform	RBC
	PGF	Cuts target to C$10.50 from C$11; rating neutral	Macquarie
	PGF	Cuts price target to C$10 from C$11; rating neutral	UBS
Potash Corp	POS	Raises to sector perform from underperform	National Bank Financial
Merus Labs	MSL	Starts with buy; price target C$3	Paradigm Capital
MCCOY Corp	MCB	Raises target price to C$6.50 from C$6; rating buy	Paradigm Capital
	MCB	Cuts to outperform from strong buy	Raymond James
Silver Wheaton Corp	SLW	Cuts price target to $56 from $58	CIBC
Sun Life Financial	SLF	Raises price target to C$25 from C$23; rating hold	Canaccord
Twin Butte Energy Ltd	TBE	Cuts target to C$3.75 from C$4; buy	Paradigm Capital
Western Forest Products	WEF	Starts with sector outperformer; target C$1.55	CIBC
More information needed? Please Search it...