Upgrades, Downgrades and Target Changes - May 30 2012

Company	Ticker	Rating/Target Change
Africa Oil Corp		Dundee raises price target to C$13.30 from C$12; rating buy
Air Canada		Canaccord Genuity raises price target to C$5 from C$4.75; rating buy
Bank of Nova Scotia		TD Securities cuts price target to C$66 from C$68
Bank of Nova Scotia		Barclays raises target to C$55 from C$51, rating underweight
Bank of Nova Scotia		RBC cuts price target by C$1 to C$60, rating outperform
Bank of Nova Scotia		Canaccord Genuity raises to buy from hold
Bank of Nova Scotia		National Bank Financial raises target to C$60 from C$58
Bank of Nova Scotia		Macquarie cuts target price to C$57.50 from C$59.50
Belo Sun Mining		CIBC cuts price target to C$2.50 from C$3
Birchcliff Energy		Macquarie raises to neutral from underperform
Border Petroleum		National Bank Financial starts with outperform
Kinross Gold Corp		UBS raises price target to $12.25 from $12; rating buy
Lululemon Athletica Inc		Wedbush starts with outperform; price target $90
Major Drilling Group		RBC cuts price target to C$19 from C$21; rating outperform
MethylGene		JMP starts with market outperform rating
Pan Orient Energy		Raymond James Raises price target to C$4.50 from C$4.25
Research In Motion		JMP raises to market perform from market underperform
Research In Motion		BMO cuts target price to $9 from $11, market perform rating
Research In Motion		Citigroup cuts target price to $9.50 from $11.75, sell rating
Research In Motion		Baird cuts target price to $8 from $10, rating underperform
Research In Motion		Nomura cuts target price to $9.10 from $13.25, rating neutral
Research In Motion		CIBC cuts price target to $20 from $25
Research In Motion		Evercore cuts target to $13 from $20, equal-weight rating
Research In Motion		Jefferies cuts target to $10 from $12; rating underperform
Research In Motion		Wedbush cuts target to $9.50 from $11.50, neutral rating
Research In Motion		FBR cuts price target to $9.50 from $11, rating underperform
Research In Motion		Raymond James cuts price target to $12 from $15
Research In Motion		Canaccord Genuity cuts price target to $10 from $12
Research In Motion		RBC cuts price target to $11 from $13; rating sector perform
Research In Motion		Credit Suisse cuts target price to $11 from $14.50
Research In Motion		Barclays cuts target to $8 from $10, rating equal weight
Research In Motion		ThinkEquity cuts price target to $10 from $13
Research In Motion		TD Securities cuts price target to $12.50 from $16
Research In Motion		S&P Capital IQ cuts target by $0.50 to$9.50; rating sell
Sabina Gold & Silver		RBC cuts price target to C$4 from C$5, rating outperform
Sabina Gold & Silver		Desjardins cuts price target to C$6.75 from C$8
Secure Energy Services Inc		BMO starts with outperform; price target C$11
Silvercorp Metals Inc		Raymond James Cuts target price to C$11 from C$12.50
Strateco Resources		Dundee cuts price target to C$1.05 from C$1.15; rating buy
Transat A.T		Canaccord Genuity raises to buy from hold
Western Energy Services		Global Hunter Securities starts with buy.
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