Upgrades, Downgrades and Target Changes - Jul 13 2012

Company	Rating/Target Change
Agrium	BMO raises price target to $109 from $102; rating outperform
Cogeco Cable	NBF cuts price target to C$51 from C$56; rating outperform
Cogeco Cable	Canaccord Genuity raises to buy from hold
Cogeco Cable	RBC cuts price target to C$53 from C$57; rating outperform
Cogeco Cable	BMO cuts to market perform from outperform
Cogeco Cable	UBS cuts price target to C$52 from C$56; rating buy
Corus Entertainment	Canaccord Genuity cuts to hold from buy
Corus Entertainment	Canaccord Genuity cuts price target to C$24 from C$25.60
Corus Entertainment	RBC cuts price target to C$26 from C$27;rating outperform
Corus Entertainment	TD Securities raises to buy from hold
Corus Entertainment	BMO cuts target to C$24 from C$25; rating market perform
DragonWave	Canaccord cuts target to $4.50 from $5; speculative buy
DragonWave	TD Securities cuts to reduce from hold
DragonWave	TD Securities cuts price target to $3 from $4
Elemental Minerals	NBF starts with outperform; price target C$1.10
Empire Company	CIBC cuts target to C$61 from C$65; rating sector performer
Finning International	RBC cuts price target to C$29 from C$36; rating outperform
GMP Capital	BMO raises to market perform from underperform
Goldcorp	Dundee cuts price target to C$48 from C$57; rating buy
Gran Tierra Energy	Haywood cuts target to C$7 from C$7.50;rating sector outperform
Great Panther Silver	Stonecap Securities cuts price target toC$2.10 from C$2.30
IGM Financial	Barclays cuts price target to C$41 from C$45; rating underweight
Platinum Group Metals	RBC cuts target to C$1.25 fromC$1.70; rating sector perform
Progressive Waste	BMO cuts target to $22 from $24; rating market perform
Semafo Inc	RBC cuts price target to C$6.50 from C$8; rating outperform
Theratechnologies	Desjardins cuts price target to C$2.75 from C$3.20; rating buy .
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