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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