Upgrades, Downgrades and Target Changes - Jul 09 2012

Company	Rating/Target Change
Anderson Energy	RBC cuts target to C$0.50 from C$0.60; rating sector perform
Canfor Pulp Products	RBC cuts to underperform from sector perform ;RBC cuts price target to C$9 from C$10
Cascades Inc	RBC raises to outperform from sector perform ;RBC raises price target to C$6 from C$5
COM DEV International	CIBC raises to sector outperformer from sector performer;CIBC raises price target to C$3.50 from C$2.75
Genivar	RBC cuts price target to C$25 from C$27; rating sectorperform
Great West Lifeco	Barclays cuts target to C$24 from C$25; rating overweight
Enseco Energy	NBF cuts to sector perform from outperform
Luna Gold	National Bank Financial starts with outperform; price target C$3.20
Manulife Financial	Barclays cuts target to C$13 from C$14; rating overweight
Maple Leaf Foods	BMO cuts to market perform from outperform;BMO cuts price target to C$13 from C$14
Osisko Mining	Td securities raises to buy from hold
Pan Orient Energy	Fraser Mackenzie starts with strong buy; price target C$6.90
Parex Resources Inc	Macquarie cuts price target by C$0.50 to C$7; rating neutral
Pengrowth Energy	RBC cuts price target to C$8 from C$10; rating sector perform
SXC Health	Barclays reinstates with overweight; price target $116 .
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