Upgrades, Downgrades and Target Changes - Aug 20 2012

Company	Rating/Target Change
Arcan Resources	TD Securities cuts price target to C$2.25 from C$2.50; rating buy
BCE Inc	TD Securities raises price target to C$40 from C$39; rating reduce
Conifex Timber	TD Securities cuts price target to C$9.50 from C$10; rating buy
Copper Mountain	BMO cuts price target to C$4.50 from C$5; rating market perform
Hyperion Exploration Corp	Canaccord Genuity cuts target price to C$1 from C$1.35
Orvana Minerals Corp	Stonecap cuts to sector perform from outperform ;Stonecap cuts target price to C$1.30 from C$2.10
Rogers Communications	TD Securities raises price target to C$44 from C$43
Secure Energy Services	Paradigm Capital resumes coverage with buy; target C$11
TAG Oil	Mackie Research cuts price target to C$10.75 from C$11.25; rating buy
TELUS Corp	TD Securities raises price target to C$60 from C$58; rating reduce
Tuscany International	Raymond James cuts to market perform from outperform ;Raymond James cuts price target to C$0.45 from C$0.80
Western Potash	Raymond James cuts price target to C$0.75 from C$1.25
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