Upgrades, Downgrades and Target Changes - May 31 2012

Company	Ticker	Rating/Target Change
Canada Lithium		Mackie cuts target to C$0.74 from C$1; rating speculative buy
Cominar REIT		Dundee raises price target to C$26 from C$25.25; rating buy
Eagle Energy Trust		Acumen resumes with buy rating; price target of C$13
Eastern Platinum		Raymond James cuts target price to C$0.45 from C$0.55
Eastern Platinum		UBS cuts price target to C$0.5 from C$0.6; rating buy
Extorre Gold Mines		Canaccord Genuity cuts target price to C$5.90 from C$9.10
Extorre Gold Mines		TD Securities cuts price target to C$7 from C$11
Forbes and Manhattan Coal		Canaccord Genuity cuts target to C$3 from C$3.60
Forbes & Manhattan		Paradigm cuts price target to C$3.25 from C$4.75, rating buy
Innovative Composites		Canaccord Genuity cuts target price to C$1.25 from C$2.25
Lake Shore Gold		TD Securities cuts to hold from buy; target to C$1 from C$2
Legacy Oil + Gas		Dahlman Rose raises to buy rating
Mansfield Minerals		Haywood cuts target price to C$1, rating sector outperform
Methanex Corp		TD Securities raises to buy from hold
Reitmans		CIBC cuts price target to C$15 from C$16, rating sector performer
Strategic Oil and Gas		Raymond James raises target price to C$1.75 from C$1.60
Veresen		Canaccord Genuity raises to buy
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