Upgrades, Downgrades and Target Changes - Aug 28 2012

Company	Rating/Target Change
ArPetrol Ltd	Raymond James cuts target price to C$0.06 from C$0.08
Aveda Transportation and Energy Services	Stonecap starts with outperform
Bank of Montreal	Stifel starts with hold rating
Bank of Nova Scotia	Stifel starts with hold rating
Cameco Corp	Canaccord Genuity cuts target price to C$29 from C$31; rating buy
CIBC	Stifel starts with hold rating
Davis + Henderson Corp	CIBC ups target to C$23 from C$21; rating sector performer
Gran Colombia Gold Corp	RBC cuts price target to C$0.65 from C$1
Legumex Walker Inc	LB Securities raises target price to C$13 from C$12.50
Mega Brands	BMO raises to outperform from market perform rating
Orezone Gold	Canaccord Genuity raises target price to C$4.25 from C$4
Orezone Gold	National Bank Financial cuts price target to C$2.75 from C$4.60
Orezone Gold	Desjardins cuts price target to C$3.75 from C$4.75; rating buy
Petromanas Energy Inc	Raymond James raises to outperform from market perform
TD Bank	Stifel starts with hold rating
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