Upgrades, Downgrades and Target Changes - Jul 31 2012

Company	Rating/Target Change
20-20 Technologies	NBF cuts price target to C$4 from C$5
20-20 Technologies	BMO cuts target to C$4 from C$4.50;rating market perform
Atna Resources	Canaccord removes from CG focus list; rating speculative buy
Baja Mining	Raymond James cuts target to C$0.10 from C$0.25;rating market perform
First National Financial	NBF raises target to C$19 from C$18; sector perform
First National Financial	TD Securities raises to buy from hold ,TD Securities raises price target to C$19.50 from C$17.50
Grea Basin Gold	RB cut arget to C$0.94 from C$1.10;rating sector perform
Inmet Mining	RBC cuts price target to C$65 from C$67; rating outperform
Merus Labs	Canaccord Genuity starts with buy recommendation, C$2.90 target price
Painted Pony	RBC raises price target to C$13 from C$11;rating outperform
Progress Energy	CIBC raises target to C$22 from C$20.45; rating sector performer
Russel Metals	BMO cuts price target to C$27 from C$28; rating marketperform
Sandstorm Gold	Canaccord ups target to C$12 from C$11.50; rating speculative buy
Tembec	BMO cuts price target to C$2.20 from C$2.40; rating underperform
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