Upgrades, Downgrades and Target Changes - Aug 15 2012

Company	Rating/Target Change
Aecon Group	TD Securities cuts price target to C$15.50 from C$16.50; rating buy
ATS Automation Tooling Systems	Canaccord Genuity ups target to C$10 from C$8.75
Agrium Inc	Barclays starts with overweight
Alderon Iron Ore	Desjardins cuts target price to C$3.50 from C$3.75; rating hold
Ainsworth Lumber Co Ltd	RBC raises target price to C$2.50 from C$1.60
Alacer Gold Corp	Raymond James cuts price target to C$7.50 from C$8
Alimentation Couche Tard	NBF raises price target to C$54 from C$50
Aston Hill Financial Inc	Canaccord Genuity cuts price target to C$1.75 from C$2
Baytex Energy	NBF raises price target to C$54 from C$49
Birchcliff Energy	NBF raises price target to C$8.50 from C$7
Birchcliff Energy	Canaccord Genuity raises price target to C$5 from C$4.50
Birchcliff Energy	RBC raises target to C$7 from C$6; rating sector perform
Boardwalk REIT	Canaccord Genuity raises price target to C$65.40 from C$62.15
Boardwalk REIT	TD Securities ups price target to c466 from c$61; rating hold
Bonterra Energy Corp	CIBC cuts target to C$47 from C$49;rating sector performer
Chorus Aviation Inc	Canaccord Genuity cuts price target to C$4.75 from C$5.50
Copper Mountain Mining	Raymond James cuts target price to C$5.60 from C$6
Copper Mountain Mining	Paradigm Capital cuts price target to C$6.25 from C$7.25
DeeThree Exploration Ltd	Raymond James raises price target to C$6.25 from C$5
Directcash Payments	Acumen Capital raises price target to C$28.60 from C$28.30
Easyhome	BMO cuts price target to C$7.50 from C$8; rating market perform
EcoSynthetix Inc	CIBC cuts target to C$6 from C$7.50; rating sector outperformer
Entrec Corp	Stonecap raises target price to C$2.25 from C$2; rating outperform
Entrec Corp	Raymond James raises target to C$2.25 from C$2; rating outperform
Exchange Income Corp	Canaccord Genuity ups price target to C$29 from C$27.50
Exchange Income Corp	PI Financial ups price target to C$30 from C$29; rating buy
Exchange Income Corp	Raymond James raises price target to C$31.50 from C$30
First Majestic Silver	Dundee raises price target to C$19.70 from C$18; rating buy
H&R REIT	BMO raises price target to C$26 from C$25; rating market perform
Iamgold Corp	Macquarie ups target to C$14.50 from C$14; rating outperform
Iroc Energy Services Corp	Stonecap cuts price target to c$3.25 from c$3.50
Key REIT	CIBC ups target to C$5.75 from C$5; rating sector underperformer
Lone Pine Resources Inc	Raymond James cuts target price to C$2.50 from C$6
Magellan Aerospace	TD Securities raises target to C$5 from C$4.25; rating hold
Medical Facilities	NBF raises price target to C$14 from C$13
Medical Facilities	Canaccord raises price target to C$14.50 from C$14
Medical Facilities	TD Securities raises target to C$13.50 from C$11.50
Norbord Inc	RBC raises price target to C$20 from C$17; rating outperform
Paladin Energy	Raymond James ups target to C$2.20 from C$1.80; rating outperform
Parallel Energy Trust	RBC cuts target to C$6.50 from C$7;rating sector perform
Peyto Exploration & Development	NBF resumes coverage with outperform;target C$25
Peyto Exploration & Development	Dundee ups target to C$30 from C$28; rating buy
Research In Motion	Evercore starts with equal weight; price target $8
Secure Energy Services	TD Securities ups target to C$10.50 from C$10; rating buy
Secure Energy Services	Raymond James raises target to C$10.50 from C$9.50
TMX Group Inc	TD Securities raises price target to C$51 from C$40; rating hold
Thompson Creek Metals Co	RBC cuts price target to C$3.60 from C$3.85
Thompson Creek Metals Co	Dundee cuts target price to C$2 from C$2.75 ;Dundee cuts to sell from neutral
Tim Hortons Inc	CIBC cuts price target to C$57 from C$62;rating sector performer
Tricon Capital	Canaccord Genuity raises price target to C$6.20; rating buy
Twin Butte Energy	NBF raises price target to C$3.25 from C$3; rating outperform
Twin Butte Energy	Raymond James raises target price to C$3.25 from C$3
Westernzagros Resources Ltd	HSBC starts with overweight rating; target of C$1.95
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