Upgrades, Downgrades and Target Changes - Nov 2 2012

Company	Rating/Target Change
Allana Potash	Raymond James raises to outperform from market perform
Altagas	RBC raises price target to C$36 from C$35; rating outperform
Bonavista Energy	BMO raises target to C$19.50 from C$18; rating market perform
Cameco	BMO cuts target price to C$25 from C$29; rating outperform
Catamaran	CIBC raises target price to C$55 from C$52.50; rating sector performer
Constellation Software	CIBC raises target to C$117 from C$99
Crescent Point Energy	Barclays raises target to C$51 from C$50
Crescent Point Energy	Canaccord Genuity raises target to C$44.50 from C$44
Eldorado Gold	Morgan Stanley starts with overweight
Husky Energy	Canaccord Genuity raises target price by C$1 to C$27; rating sell
Husky Energy	RBC raises target price to C$32 from C$31; rating sector perform
Husky Energy	BMO raises price target to C$32 from C$30; rating market perform
International Forest Products	Raymond James raises target to C$7.50 from C$6.75
Mart Resources	Stonecap Securities starts with outperform; price target of C$2.50
Mega Brands	BMO raises price target to C$12 from C$11; rating outperform
Morneau Shepell	National Bank Financial raises target to C$14 from C$13
Pengrowth Energy	RBC cuts target price to C$6.50 from C$7; rating sector perform
Pengrowth Energy	BMO cuts target price to C$8 from C$8.50; rating market perform
Phoenix Technology	BMO cuts target price to C$11 from C$12; rating outperform
PHX Energy Services	RBC raises target to C$10 from C$9; rating sector perform
PHX Energy Services	PI Financial raises target to C$10 from C$9.50
Progress Energy Resources	TD Securities raises target to C$22 from C$19
Stantec	RBC raises price target to C$42 from C$39; rating sector perform
Stantec	CIBC raises target price to C$40 from C$36; rating sector outperformer
Stantec	Stonecap Securities raises target to C$38 from C$35;rating sectorperform
Stantec	TD Securities raises target price to C$40 from C$36; rating hold
Strongco	PI Financial cuts target price to C$8.50 from C$9.50; rating buy
Suncor Energy	National Bank Financial raises target to C$45 from C$43
Suncor Energy	RBC raises price target to C$45 from C$44; rating outperform
Superior Plus	National Bank Financial raises target to C$10.50 from C$7.50
Tourmaline Oil	National Bank Financial starts with outperform rating
Tourmaline Oil	CIBC raises target to C$42.50 from C$35
Trimac Transportation	RBC raises target to C$6 from C$5.50
Vermilion Energy	TD Securities cuts target price to C$53 from C$56; rating buy
Western Energy Services	RBC cuts target to C$10 from C$11; rating outperform
Western Energy Services	Canaccord Genuity cuts target to $10 from $10.50
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