Upgrades, Downgrades and Target Changes - Apr 11 2012

Company	Ticker	Rating/Target Change
AG Growth International	AFN	raises price target to C$40 from C$36.50	CIBC
Bannerman Resources	BAN	cuts price target to C$0.80 from C$0.90	CIBC
Canadian Pacific Railway	CP	raises to sector perform from underperform ; raises target to C$74 from C$72	NBF
Cequence Energy	CQE	initiates coverage with sector performer rating	CIBC
CI Financial Corp	CI	ups target to C$23 from C$22; rating equal weight	Barclays
Dynasty Metals	DMM	cuts price target to C$4.50 from C$5.10	Canaccord Genuity
Freehold Royalties	FRU	raises target to C$20 from C$18; rating sector perform	RBC
IGM Financial	IGM	Raises target to C$47 from C$45; rating under weight	Barclays
Inmet Mining	IMN	cuts price target to C$80 from C$85; rating outperform	RBC
Premier Gold Mines	PG	cuts price target to C$10 from C$11; rating outperform	RBC
Trimel Pharmaceuticals	TRL	starts with outperform; price target C$6	RBC
Twin Butte Energy	TBE	initiates coverage with sector outperformer rating	CIBC
Vicwest Inc	VIC	raises price target to C$15 from C$14	CIBC
Whitecap Resources	WCP	initiates coverage with sector outperformer rating	CIBC
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