Upgrades, Downgrades and Target Changes - Mar 29 2012

Company	Ticker	Rating/Target Change
AGF Management	AGF.B	cuts price target to C$17 from C$18	CIBC
	AGF.B	raises price target to C$15.50 from C$15	Canaccord Genuity
Alliance Grain	AGT	cuts target price to C$14 from C$19, rating neutral	Macquarie
ARC Resources	ARX	cuts to hold from buy	TD Securities
Artis REIT	AX.UN	raises price target to C$17 from C$15.75	Canaccord Genuity
AuRico Gold Inc	AUQ	cuts price target to C$11 from C$12; rating hold	TD Securities
B2Gold Corp	BTO	raises price target to C$6 from C$5.50, rating buy	Canaccord genuity
Cameco Corp	CCO	cuts price target to C$27.5 from C$28; rating buy	UBS
Canadian Helicopters Grou	CHL.B	ups target to C$35 from C$33; rating buy	Desjardins
Canadian Pacific Railway	CP	cuts price target to C$89 from C$90	Canaccord Genuity
Centerra Gold Inc	CG	cuts price target to C$20 from C$23; rating buy	UBS
CanWel Building Materials	CWX	raises target to C$2.60 from C$2.25	Canaccord Genuity
	CWX	raises price target to C$4 from C$3	Paradigm Capital
Centerra Gold	CG	cuts target to C$26 from C$32; rating sector outperformer	CIBC
Copper Mountain Mining	CUM	ups target to C$6.75 from C$6.50;outperform	Raymond James
CVTech	CVT	raises target price to C$1.30 from C$1.15, rating sector perform	Stonecap
	CV T	downgrades to neutral from buy ;Versant partners cuts price target to C$1.15 from C$1.50	Versant partners
First Majestic Silver Corp	FR	cuts target to C$18.75 from C$20; rating neutral	UBS
Fortuna Silver Mines	FVI	cuts price target to C$7 from C$9.50	Canaccord genuity
	FVI	cuts to sector performer from sector outperformer	CIBC
	FVI	raises to outperform from market perform	BMO
Franco Nevada Corp	FNV	cuts price target to C$46.5 from C$47.5; rating buy	UBS
HSE Integrated	HSL	ups target to C$2 from C$1.50; rating strong buy	Fraser mackenzie
IBI Group	IBG	raises target to C$17 from C$16.50; rating sector outperformer	CIBC
Lundin Mining Corp	LUM	cuts to neutral from buy	UBS
Nexen Inc	NXY	raises to buy from hold	TD Securities
Niko Resources Ltd	NKO	cuts to hold from buy	TD Securities
TransAtlantic Petroleum	TNP	cuts target to C$2.50 from C$3; rating buy	TD Securities
Orezone Gold Corp	ORE	cuts target to C$4.35 from C$5.30; outperform	Raymond James
Pacific Rubiales Energy Corp	FRE	upgrades to buy from hold	Mackie research
Taseko Mines	TKO	raises target price to C$5.50 from C$5.40; rating outperform	NBF
Primero Mining	P	cuts target price to C$3.25 from C$3.50, rating neutral	Macquarie
Raging River Exploration	RRX	raises price target to C$3 from C$2.60	CIBC
Richmont Mines	RIC	cuts to sector performer from sector outperformer	CIBC
	RIC	cuts price target to C$12 from C$15.50; rating hold	Desjardins
	RIC	cuts to underperform from sector perform	National Bank Financial
	RIC	cuts target to C$7.80 from C$11.75	National Bank Financial
Uranium One Inc	UUU	cuts price target to C$4 from C$4.25; rating buy	UBS
Vermilion Energy	VET	raises target to C$52 from C$47; rating sector perform	RBC
More information needed? Please Search it...