Wednesday, October 31, 2012

Upgrades, Downgrades and Target Changes - Oct 31 2012

Company Rating/Target Change
Cominar REIT Laurentian Bank starts with buy ratings
Gibson Energy CIBC ups target to C$24.25 from C$22.50; rating sector performer
Gibson Energy Macquarie raises target price to C$28 from C$26; rating outperform
Intact Financial UBS starts with buy
InterRent REIT Canaccord Genuity raises target to C$6.50 from C$6; rating buy
Melcor Developments Laurentian Bank rates buy
Parkland Fuel RBC raises price target to C$17 from C$15; rating sector perform
 Partners REIT Laurentian Bank starts with buy ratings
Petrobank Energy And Resources UBS raises price target to C$16.5 from C$16
PlazacorpRetail Properties Laurentian Bank rates buy
Precision Drilling  PI Financial cuts target to C$10.50 from C$12.50; rating buy
Renegade Petroleum Stonecap Securities raises target to C$5.65 from C$4.85
Talisman Energy BMO cuts target price to $15 from $18; rating outperform
Talisman Energy TD Securities cuts price target to $16 from $17; rating buy
Temple REIT Laurentian Bank starts with buy ratings
TransCanada BMO raises target price to C$52 from C$50; rating outperform
TransCanada TD Securities raises price target to C$47 from C$46; rating hold
Trimac Transportation TD Securities raises target to C$6.50 from C$6; rating buy
TriOil Resources TD Securities starts with buy rating; price target of C$4
TVA Group  TD Securities raises to buy from hold; price target to C$10 from C$8
West Fraser Timber TD Securities raises target to C$65 from C$58; rating
West Fraser Timber BMO raises target price to C$72 from C$65; rating outperform
 Westport Innovations Mackie Research cuts target to C$43 from C$50; rating buy
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Tuesday, October 30, 2012

Upgrades, Downgrades and Target Changes - Oct 30 2012

Company Rating/Target Change
Canada Bread Company RBC cuts target price to C$54 from C$56; rating outperform
Cenovus Energy  SocGen raises to buy from hold; target price to C$40 from C$35
Dorel Industries TD Securities starts with a buy rating
Duluth Metals Raymond James reinitiates coverage with outperform rating
Gasfrac Energy Services Raymond James raises to outperform from market perform
Norbord BMO raises to market perform from underperform
Patheon RBC raises target price to C$4.50 from C$4; rating outperform
Progress Energy Canaccord Genuity raises target to C$21 from C$18; rating hold
Progress Energy CIBC raises target price to C$20 from C$19
Renegade Petroleum Raymond James raises target to C$4.25 from C$3.50
Teck Resources Raymond James starts with outperform rating
TransCanada Canaccord Genuity raises target price to C$47 from C$46; rating hold
TransCanada CIBC raises target price to C$46 from C$45.50
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Monday, October 29, 2012

Upgrades, Downgrades and Target Changes - Oct 29 2012

Company Rating/Target Change
Alamos Gold  CIBC raises price target to C$23 from C$21; rating sector performer
Alderon Iron Ore TD Securities cuts target to C$3.75 from C$6
Argent Energy RBC cuts target to C$11.50 from C$12; rating sector perform
DHX Media Ltd Canaccord Genuity starts with buy rating; target price of C$2.15
Eldorado Gold Corp Dundee cuts price target to C$15 from C$16.50; rating neutral
Gibson Energy : TD Securities raises target price to C$27 from C$25; rating buy
Labrador Iron Mines Desjardins cuts target to C$2.25 from C$3.50; rating hold
brador Iron Ore Royalty Desjardins cuts target to C$34 from C$36; rating hold
Macdonald Dettwiler & Assoc RBC raises to outperform from sector perform
Macdonald Dettwiler & Assoc CIBC raises to sector outperformer from sector performer; target to C$66
Migao TD Securities cuts to reduce from hold; target to C$2.25 from C$2.75
Mullen Group Raymond James raises to market perform from underperform
Progressive Waste Solutions PI Financial cuts target to C$21 from C$23.50
Rogers Communications National Bank Financial cuts to sector perform
Toromont Industries Raymond James cuts target to C$21 from C$23
 Trinidad Drilling Haywood Securities cuts target to C$8.50 from C$9
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Upgrades, Downgrades and Target Changes - Oct 26 2012

Company Rating/Target Change
Agnico Eagle Mines Raymond James raises target price to $60; raiing market perform
Agnico Eagle Mines RBC raises target price to $69; rating sector perform
Agnico Eagle Mines Mackie Research cuts to hold from buy
Canfor Corp CIBC raises target price to C$18.50 from C$16.50
Cavium Inc Wedbush cuts price target to $25 from $28; rating neutral
Cenovus Energy Inc  National Bank Financial cuts target price to C$40 from C$41
Conifex Timber TD Securities cuts target price to C$10 from C$10.50; rating buy
Corus Entertainment Canaccord Genuity cuts price target to C$23.50 from C$24
Corus Entertainment National Bank Financial cuts target price to C$23.50
Enbridge Income Fund Holdings Canaccord Genuity raises target price to C$24
Goldcorp Inc Salman Parters raises price target to C$63 from C$61
Lundin Mining Corp RBC raises target price to C$5.65; rating sector perform
MDA BMO cuts target price to C$56 from C$65; rating outperform
MEG Energy Corp CIBC raises target price to C$52; rating sector outperformer
Mullen Group BMO cuts target price to C$22.50 from C$23.50; rating market perform
Mullen Group CIBC cuts target to C$22 from C$24; rating sector performer
Mullen Group RBC raises target price to C$24 from C$23; rating sector perform
Mullen Group  Global Hunter Securities cuts price target to C$24 from C$27
Norbord Inc Salman Partners raises target price to C$23 from C$20; rating buy
Norbord Inc TD Securities raises target price to C$22 from C$19; rating hold
Postmedia Network National Bank Financial raises target to C$1.50 from C$1
Potash Corp Canaccord Genuity cuts target price to $48 from $50; rating buy
Potash Corp CIBC cuts target price to $44 from $46; rating sector performer
Potash Corp Paradigm Capital cuts target price to $61 from $68; rating buy
Potash Corp RBC cuts target price to $44 from $48; rating sectorperform
Potash Corp TD Securities cuts target price to $50 from $60; rating buy
Potash Corp Dundee Capital cuts target price to C$42 from C$44; rating neutral
Precision Drilling Corp BMO cuts target price to C$11; rating outperform
Precision Drilling Corp Canaccord Genuity cuts target price to C$10.50 from C$11.50
Precision Drilling Corp Raymond James Cuts to outperform; target price to C$10
Russel Metals Inc CIBC raises to sector outperformer from sector performer
Russel Metals Inc RBC raises target price to C$29 from C$27; rating sector perform
Shaw Communications Inc BMO raises target price to C$22 from C$21
Shaw Communications Inc Canaccord Genuity raises price target to C$19.50 from C$18
Shaw Communications Inc CIBC raises target price to C$23 from C$22
Shaw Communications Inc TD Securities raises target price to C$24; rating buy
Toromont Industries BMO cuts target price to C$21; rating market perform
Toromont Industries Canaccord Genuity cuts price target to C$22 from C$22.50
Toromont Industries TD Securities cuts target price to C$25; rating buy
Toromont Industries Desjardins cuts price target to C$20 from C$24; rating hold
Vitran Corp Inc TD Securities cuts target price to $5 from $6;rating hold
 Westmoreland Coal Imperial Capital Research raises price target to $13 from $7
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Thursday, October 25, 2012

Upgrades, Downgrades and Target Changes - Oct 25 2012

Company Rating/Target Change
Agnico Eagle Mines National Bank Financial raises target to C$50 from C$48
Atrium Innovations TD Securities starts with hold; price target of C$12.50
Canadian Pacific Railway  National Bank Financial cuts to underperform rating
Canadian Pacific Railway CIBC ups target to C$95 from C$83;rating sectorperformer
Canadian Pacific Railway Canaccord Genuity raises price target to C$95 from C$90
Canadian Pacific Railway RBC raises price target to C$91 from C$86
Canadian Pacific Railway Raymond James raises target to C$92 from C$82
Canadian Pacific Railway TD Securities raises target to C$87 from C$83
Canadian Pacific Railway Euro Pacific Capital raises target to C$88 from C$76
Canfor Corp Salman Partners raises target to C$14 from C$12.50; rating hold
Canfor Pulp Products BMO cuts target to C$9 from C$9.50; rating underperform
Encana Corp BMO raises to outperform; target price to $28 from $25
Entree Gold CIBC raises target to C$1.80 from C$1.70; rating sector outperformer
Entree Gold TD Securities cuts target to C$1 from C$3.75; rating speculative buy
Firstservice BMO raises target price to $31 from $29; rating market perform
Hana Mining Raymond James cuts target to C$0.82 from C$1.25;rating market perform
Hana Mining National Bank Financial raises target price to C$0.82 from C$0.60
K-Bro Linen National Bank Financial ups target to C$32 from C$30;rates outperform
Metro  TD Securities raises target price to C$61 from C$60; rating hold
New Millennium Iron Paradigm Capital cuts target to C$3.10 from C$3.50
Rogers Communications RBC raises target to C$46 from C$44; rating outperform
Rogers Communications CIBC raises price target to C$45 from C$43
Rogers Communications National Bank Financial ups target to C$45 from C$42.50
Rogers Communications TD Securities raises target to C$46 from C$44
Rogers Communications BMO raises target to C$45 from C$42;rating market perform
ShawCor TD Securities raises target price to C$50 from C$49
TransForce CIBC cuts target price to C$21 from C$23; rating sector outperformer
TransForce National Bank Financial cuts price target to C$20.50 from C$22
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Wednesday, October 24, 2012

Upgrades, Downgrades and Target Changes - Oct 24 2012

Company Rating/Target Change
Brookfield Canada Office Properties CIBC raises target to C$31 from C$30.50
Brookfield Canada Office Properties RBC raises price target to C$32 from C$31
DeeThree Exploration Raymond James raises target price to C$7.50 from C$6.25
Mercator Minerals Ltd  Raymond James cuts target price to C$1.50 from C$1.70
New Millennium Iron Corp Raymond James cuts target price to C$2.90 from C$3
Parkland Fuel Corp Canaccord Genuity raises price target to C$18 from C$17
RBC Canaccord Genuity raises price target to C$63 from C$62; rating buy
Rona Inc National Bank Financial cuts price target to C$12 from C$13
ShawCor Ltd RBC raises price target to C$50 from C$45; rating outperform
Torex Gold Resources Inc  BMO raises price target to C$3 from C$2.75
Zodiac Exploration Canaccord Genuity raises price target to C$0.15 from C$0.10
Wajax Corp RBC cuts price target to C$52 from C$59; rating outperform
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Tuesday, October 23, 2012

Upgrades, Downgrades and Target Changes - Oct 23 2012

Company Rating/Target Change
 Ainsworth Lumber RBC cuts price target to C$3.50 from C$4.00; rating outperform
Atacama Pacific Gold Raymond James starts with outperform; target price of C$6.75
Canadian National Railway Canaccord Genuity raises target to C$96 from C$93
CNR CIBC raises target price to C$95 from C$93; rating sector performer
Colabor Group  National Bank Financial raises price target to C$8.50 from C$8
Mirabela Nickel CIBC raises target to C$0.55 from C$0.50;rating sector performer
Sterling Resources CIBC raises price target to C$1.90 from C$1.75
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Monday, October 22, 2012

Upgrades, Downgrades and Target Changes - Oct 22 2012

Company Rating/Target Change
Agnico Eagle Mines National Bank Financial starts with sector perform rating
Calfrac Well Canaccord Genuity cuts to hold from buy; target to C$26 from C$32
Delphi Energy RBC cuts target to C$1.50 from C$1.75; rating sector perform
Endeavour Mining Canaccord Genuity raises target to C$4.70 from C$3.50
Niko Resources Canaccord Genuity cuts target to C$21 from C$26; rating buy
Progress Energy  CIBC cuts target to C$19 from C$22; rating sector performer
Progress Energy Barclays cuts target to C$18 from C$22; rating equal weight
Progress Energy Canaccord Genuity cuts target to C$18 from C$22; rating hold
Progress Energy RBC cuts target to C$20 from C$22; rating sector perform
Progress Energy Canaccord Genuity cuts to hold from buy;target by $1.75 to $14.75
Trican Well Service Canaccord Genuity cuts price target to C$12 from C$12.50
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Thursday, October 18, 2012

Upgrades, Downgrades and Target Changes - Oct 18 2012

Company Rating/Target Change
Artek Exploration Stonecap Securities raises target to C$4.15 from C$3.05
Bauer National Bank Financial resumes coverage with outperform rating
Capital Power CIBC resumes coverage with sector outperformer rating
Celtic Exploration Canaccord Genuity cuts to hold from buy; target to C$25.66
Celtic Exploration TD Securities cuts to hold;raises target to C$26.25 from C$22
Celtic Exploration BMO raises target to $26.30 from $18.50;rating market perform
Celtic Exploration Dundee Capital raises target price to C$27.40 from C$20
Cineplex RBC raises to outperform from underperform; target to C$32 from C$29
Granite Real Estate TD Securities raises target to C$42 from C$40; rating buy
Labrador Iron Ore Desjardins cuts target price to C$36 from C$39; rating hold
Newfoundland Capital RBC assumes coverage with outperform
Penn West Petroleum TD Securities raises target to C$15 from C$14; rating hold
Uni-Select Inc Desjardins starts with hold rating; price target of C$28
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Wednesday, October 17, 2012

Upgrades, Downgrades and Target Changes - Oct 17 2012

Company Rating/Target Change
Air Canada UBS raises to buy from neutral; price target to C$2 from C$1.1
Angle Energy BMO cuts price target to C$4.50 from C$4.75; rating market perform
Angle Energy Dundee Capital cuts target price to C$6 from C$6.25; rating buy
Aura Minerals National Bank Financial cuts target price to C$1 from C$1.25
Birchcliff Energy CIBC raises target to C$9.50 from C$8; rating sector performer
Cline Mining Dundee Capital cuts to neutral from buy;
Cline Mining Fraser Mackenzie cuts target to C$0.15 from C$0.30
Coastal Energy Jennings Capital raises target to C$25.25 from C$22.50;rating buy
Coastal Energy Credit Suisse raises target to C$26 from C$25; rating outperform
Corus Entertainment  TD Securities raises target to C$26 from C$25; rating buy
First Quantum National Bank Financial raises target to C$25 from C$24
Forbes & Manhattan Coal Dundee cuts target to C$1.60 from C$1.80; rating buy
Granite Real Estate Canaccord Genuity starts with buy rating
Keegan Resources CIBC cuts price target to C$5 from C$6; rating sector performer
Manitok Energy National Bank Financial resumes coverage with outperform rating
Mercator Minerals National Bank Financial raises target to C$0.80 from C$0.75
North American Palladium CIBC cuts price target to C$2.40 from C$2.50
SilverCrest Mines Stonecap Securities cuts target to C$3.75 from C$4.05
Sprott Power Corp TD Securities starts with buy rating
Stantec Inc Canaccord Genuity raises target to C$41.50 from C$35; rating buy
Torstar Corp TD Securities assumes coverage with action list buy rating
Transcontinental Inc TD Securities assumes coverage with hold rating
Westjet Airlines Ltd UBS raises price target to C$23 from C$20; rating buy
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Tuesday, October 16, 2012

Upgrades, Downgrades and Target Changes - Oct 16 2012

Company Rating/Target Change
Air Canada BMO raises price target to C$2.50 from C$1.20
Alliance Grain CIBC cuts target to C$17 from C$19; rating sector outperformer
Arc Resources Barclays raises target to C$26 from C$25; rating equal weight
Baytex Energy Barclays raises price target to C$54 from C$51; rating overweight
Baytex Energy RBC raises price target to C$58 from C$54
Birchcliff Energy RBC raises price target to C$8 from C$7
Bonavista Barclays raises target to C$19 from C$18; rating equalweight
Bonavista RBC cuts to sector perform from outperform; target to C$20 from C$21
Capstone Mining Corp BMO starts with outperform rating; target price C$3.90
Crescent Point Energy Barclays raises target to C$50 from C$46;rating overweight
Crescent Point Energy RBC raises price target to C$51 from C$50
Enerplus Corp  Barclays raises price target to C$18 from C$16;rating equal weight
Lone Pine Resources RBC cuts price target to C$3 from C$4
Meg Energy RBC raises price target to C$59 from C$54
North American Palladium Raymond James cuts target to C$2.75 from C$3.25
Painted Pony Petroleum RBC raises price target to C$14 from C$13
Paramount Resources Barclays raises target to C$38 from C$36;rating equal weight
Petrobakken Energy Barclays cuts to equal weight from overweight
Petrobank Energy Barclays cuts price target to C$18 from C$19; rating overweight
Penn West Petroleum Barclays cuts target to C$14 from C$15; rating underweight
Peyto Exploration Barclays raises target to C$28 from C$23; rating equal weight
Toromont Industries RBC cuts target to C$22 from C$24; rating sector perform
Trilogy Energy Barclays cuts to equal weight; raises target to C$31 from C$27
Vermilion Energy Barclays raises to overweight; price target to C$54 from C$51
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Monday, October 15, 2012

Upgrades, Downgrades and Target Changes - Oct 15 2012

Company Rating/Target Change
Acadian Timber RBC raises to outperform; price target to C$13 from C$11
Avigilon Corp PI Financial raises price target to C$11 from C$8.50; rating buy
Bankers Petroleum Dundee resumes coverage with buy; price target of C$5.15
Brookfield Asset Management Canaccord Genuity cuts to hold from buy
Candente Copper LB Securities cuts target to C$1.25 from C$2.50; rating buy
Canfor Corp RBC raises price target to C$13 from C$11; rating sector perform
Conifex Timber RBC raises price target to C$12 from C$10; rating outperform
Enerflex Global Hunter Securities starts with neutral rating; target of C$15
Finning International Desjardins cuts target price to C$35 from C$37; rating buy
Interfor RBC raises price target to C$7 from C$6; rating outperform
 Keegan Resources  RBC cuts price target to C$4.40 from C$5; rating sector perform
Lumina Copper Corp LB Securities cuts price target to $22 from $26; rating buy
Mercator Minerals CIBC cuts to sector performer; target to C$1 from C$2.10
Mercator Minerals LB Securities cuts price target to $1.00 from $2.00; rating buy
Norbord Inc RBC raises price target to C$22 from C$20; rating outperform
Panoro Minerals LB Securities raises price target to $1.15 from $1.00; rating buy
Rio Alto Mining  CIBC raises to sector outperformer; target to C$8 from C$6
Superior Plus Corp BMO raises to outperform; price target to C$11 from C$9
Tembec Inc RBC cuts price target to C$4 from C$5; rating outperform
Theratechnologies Inc Canaccord Genuity cuts to hold from buy
Thompson Creek Metals CIBC cuts to sector performer; target to C$5 from C$6.50
Toromont Industries  Canaccord Genuity starts with hold rating; target of C$22.50
West Fraser RBC raises price target to C$60 from C$52; rating sector perform
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Dividend Increase Announced in Oct 2012

Company Ticker Announced Date Change New Dividend Next Record Date Frequence Type
Carfico CFN 09/10/2012 14.3% 0.04 19/11/2012 Monthly
Gibson Energy Inc GEI 11/10/2012 4% 0.26 Quarterly
Genworth MI MIC 10/30/2012 10% 0.32 11/15/2012 Quarterly
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Friday, October 12, 2012

Upgrades, Downgrades and Target Changes - Oct 12 2012

Company Rating/Target Change
Canacol Energy Ltd CIBC cuts to sector underperformer from sector performer
Churchill Corp Canaccord Genuity raises to buy from hold; price target to C$9.50
Churchill Corp Paradigm Capital cuts price target to C$8.25 from C$10.75
Churchill Corp RBC cuts target price to C$9 from C$13
Encana Corp National Bank Financial starts with sector perform;price target C$23
Lake Shore Gold Corp CIBC cuts target to C$1.75 from C$2; rates sector performer
 Partners REIT RBC starts with sector perform rating
Petrobakken Energy Barclays cuts target to C$14 from C$15; rating overweight
 San Gold Corp National Bank Financial cuts price target to C$2.50 from C$2.85
Volta Resources National Bank Financial cuts target to C$2.25 from C$4
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Thursday, October 11, 2012

Upgrades, Downgrades and Target Changes - Oct 11 2012

Company Rating/Target Change
Air Canada  CIBC raises target price to C$3 from C$1.50
Arcan Resources CIBC cuts to sector performer rating
Armtec Infrastructure BMO cuts target to C$3 from C$3.50; rating market perform
AuRico Gold Desjardins Capital raises target to C$8.50 from C$7.50; rating hold
AuRico Gold Dundee raises price target to C$8.30 from C$7; rating neutral
Bauer Performance Sports CIBC raises target to C$12.50 from C$12
Belo Sun Mining Corp Canaccord Genuity raises price target to C$2.50 from C$2.00
Baytex Energy Corp Canaccord Genuity cuts price target to C$56 from C$57
Birchcliff Energy Canaccord Genuity raises price target to C$5.50 from C$5
Bonavista Energy Canaccord Genuity raises price target to C$20.50 from C$20
Canadian Pacific Railway CIBC raises target price to C$83 from C$82
Cequence Energy Canaccord Genuity raises price target to C$2.10 from C$1.95
Centerra Gold UBS raises target price to C$17 from C$15.5; rating buy
Chorus Aviation CIBC cuts target price to C$4 from C$4.50
DeeThree Exploration Northland Capital raises target to C$8.50 from C$7.80
 Gasfrac Energy Services Haywood Securities cuts target to C$2.75 from C$3.50
GLV Inc National Bank Financial raises to outperform from sector perform
Great Panther Silver Stonecap cuts target price to C$2.35; rating sector perform
Industrial Alliance TD Securities raises target to C$28 from C$26; rating hold
Ithaca Energy CIBC cuts to sector performer rating
Jean Coutu Group CIBC raises target price to C$16 from C$15
Jean Coutu Group Desjardins Capital raises to buy from hold; target to C$16 from C$15
Keegan Resources  Canaccord Genuity raises target price to C$7 from C$5.50
LGX Oil + Gas Inc Raymond James starts with outperform rating
Manulife Financial TD Securities raises target to C$15 from C$14; rating buy
 Meg Energy Corp Canaccord Genuity cuts price target to C$55 from C$56
Petrobakken Energy Canaccord Genuity raises price target to C$20 from C$19.50
Pinecrest Energy  Canaccord Genuity cuts target to C$4 from C$4.50; rating buy
Porto Energy Raymond James cuts to underperform from market perform
Sun Life Financial TD Securities raises target to C$28 from C$27; rating buy
TriOil Resources Canaccord Genuity cuts target to C$5 from C$6.25; rating buy
TriOil Resources Raymond James cuts target price to C$3.50 from C$3.75
Westjet Airlines  CIBC raises target price to C$22 from C$20.75
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