Monday, December 24, 2012

Upgrades, Downgrades and Target Changes - Dec 24 2012

Company Rating/Target Change
Americas Petrogas Inc RBC cuts target price to C$5 from C$7; rating outperform
Armtec Infrastructure Raymond James raises to outperform from market perform
Black Diamond Group Global Hunter raises price target to C$26 from C$25
Canacol Energy Ltd Mackie Research cuts target price to C$7.50 from C$13.50
Cogeco Cable Canaccord Genuity cuts target price to C$41 from C$43; rating hold
Endeavour Mining Corp Canaccord Genuity cuts target to C$4.00 from C$4.80
Peer 1 Network Canaccord Genuity raises target to C$3.85 from C$3.30
Pengrowth Energy Corp TD Securities cuts target price to C$7.00 from C$7.50
Santacruz Silver Mining Canaccord Genuity cuts target to C$4.00 from C$4.65
 WesternOne Equity Income Fund Raymond James raises target to C$11 from C$10
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Friday, December 21, 2012

Upgrades, Downgrades and Target Changes - Dec 21 2012

Company Rating/Target Change
Alterra Capital Holdings Deutsche Bank cuts to hold from buy
Alterra Capital Holdings Deutsche Bank raises price target to $29 from $27
Aurizon Mines BMO cuts price target to C$3.75 from C$4.40
 Brigus Gold BMO starts with market perform rating; price target of C$1.15
Capstone Mining Canaccord Genuity cuts target price to C$3.15 from C$3.25
Capstone Mining CIBC cuts price target to C$5.30 from C$5.60
Charger Energy Corp Acumen Capital cuts target price to C$0.60 from C$0.65
Genworth MI Canada National Bank Financial ups target price to C$23 from C$21.50
Gibson Energy CIBC raises price target to C$24.50 from C$24.25
Kirkland Lake Gold BMO starts with market perform rating; price target of C$7.75
Pace Oil and Gas Paradigm Capital cuts price target to C$3.90 from C$5.75
Parkland Fuel TD Securities raises target price to C$19 from C$18; rating hold
Parkland Fuel RBC raises target price to C$20 from C$18; rating sector perform
Parkland Fuel CIBC raises price target to C$20.50 from C$18.75
Parkland Fuel PI Financial raises target price to C$21 from C$19; rating buy
Petrominerales CIBC raises price target to C$10.25 from C$8.50
Premier Gold Mines Stonecap Securities cuts target price to C$7.70 from C$8.50
Rio Alto Mining BMO starts with market perform rating; price target of C$5.50
RIM Credit Suisse raises target price to $11 from $7; rating neutral
RIM Nomura raises target price to $10 from $7.25; rating neutral
RIM Canaccord Genuity cuts target price to $9 from $10; rating sell
RIM National Bank Financial cuts to underperform from sector perform ;National Bank Financial cuts target price to $10 from $15
RIM BMO raises target price to $12 from $8; rating market perform
RIM Bernstein cuts to market-perform from outperform
RIM Paradigm Capital raises price target to $14.50 from $14 ;Paradigm Capital cuts to hold from buy
RIM TD Securities raises target price to $13 from $12; rating hold
Stantec Inc Raymond James cuts to market perform from outperform
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Thursday, December 20, 2012

Upgrades, Downgrades and Target Changes - Dec 20 2012

Company Rating/Target Change
Baytex Energy Corp BMO cuts target price to C$52 from C$56; rating outperform
Belo Sun Mining CIBC raises price target to C$2.75 from C$2.50
Canexus Corp CIBC raises price target to C$10 from C$9
Capstone Mining PI Financial cuts target price C$2.95 from C$3.40; rating buy
Dundee Precious Metals Inc BMO cuts target price to C$11 from C$12
Eacom Timber Canaccord Genuity raises price target to C$0.40 from C$0.30
Entrec Corp Global Hunter securities starts with buy; price target of C$2.25
Estrella International Canaccord Genuity cuts price target to C$0.15 from C$0.21
Genivar Inc RBC cuts price target to C$22 from C$24; rating sector perform
MDA Raymond James raises price target to C$60 from C$55; rating market perform
Stantec Inc RBC raises to outperform from sector perform ;RBC raises price target to C$47 from C$42
Transat AT Canaccord Genuity raises price target to C$8 from C$7; rating buy
Transat AT Paradigm Capital raises target price to C$6 from C$4.50; rating hold
Transat AT TD Securities raises target price to C$9.50 from C$8.50; rating buy
Transat AT Laurentian Bank raises target price to C$7 from C$5.50; rating hold
Twin Butte Energy BMO cuts target price to C$3.30 from C$3.50; rating outperform
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Wednesday, December 19, 2012

Upgrades, Downgrades and Target Changes - Dec 19 2012

Company Rating/Target Change
Allon Therapeutics Inc Canaccord Genuity cuts to sell from speculative buy
Belo Sun Mining TD Securities raises target price to C$2.25 from C$2
Cogeco Cable Inc D Securities cuts to hold from buy
Cogeco Inc TD Securities raises to action list buy from buy
Guestlogix Inc Laurentian Bank cuts to hold from speculative buy
Mainstreet Equity Canaccord Genuity raises price target to C$36.70 from C$34.50
Mainstreet Equity TD Securities raises target price to C$35 from C$34
Manitoba Telecom Services Inc TD Securities cuts to buy from action list buy
PetroNova Inc Mackie Research cuts target price to C$1.40 from C$1.50
Raging River Exploration BMO raises target price to C$3.75 from C$3.50
TIO Networks PI Financial cuts target price to C$0.60 from C$0.75; rating buy
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Tuesday, December 18, 2012

Upgrades, Downgrades and Target Changes - Dec 18 2012

Company Rating/Target Change
Armtec Infrastructure Canaccord Genuity raises to hold from sell
Athabasca Oil TD Securities starts with action list buy; price target of C$17
Atlantic Power BMO starts with market perform rating; price target of C$11.50
AuRico Gold Inc BMO raises price target to C$9.50 from C$9
Calmena Energy Services TD Securities cuts to hold from buy
Canaco Resources Canaccord Genuity cuts target price to C$0.55 from C$0.65
Canfor Pulp Products Inc Raymond James raises price target to C$14.50 from C$13
First Majestic Silver Raymond James cuts target price to C$26 from C$26.75
Granite Real Estate TD Securities ups target price to C$43 from C$42; rating buy
Kirkland Lake Gold CIBC cuts target to C$9 from C$15; rating sector performer
Primero Mining Corp RBC cuts target to $8.50 from $9; rating sector perform
Renegade Petroleum TD Securities cuts target to C$3.25 from C$4.25; rating buy
Revett Minerals Inc Stonecap cuts price target to C$3.50 from C$5.60
Southern Pacific Resource CIBC starts with sector performer; target of C$1.75
Sun Life Financial Canaccord Genuity cuts to sell rating
Sun Life Financial CIBC ups target to C$26 from C$25; rating sector performer
Surge Energy Raymond James starts with outperform rating; target price of C$8.75
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Monday, December 17, 2012

Upgrades, Downgrades and Target Changes - Dec 17 12

Company Rating/Target Change
Crius Energy Trust RBC starts with outperform rating; price target of C$11
Electrovaya Inc  CIBC raises to sector outperformer from sector performer
Emera Inc National Bank Financial resumes coverage with sector perform rating
Inmet Mining Canaccord Genuity raises target price to C$82 from C$69; rating buy
Newalta Corp TD Securities starts with buy rating; price target of C$19
North American Palladium CIBC cuts target price to C$1.70 from C$2.40
North West Company TD Securities raises target to C$25 from C$24; rating hold
Seabridge Gold Stonecap cuts target price to C$24.45 from C$24.60
Strategic Oil and Gas Raymond James raises price target to C$1.75 from C$1.50
TSO3 Canaccord Genuity cuts target to C$2.75 from C$3.25; rating speculative buy
Westjet Airlines Dahlman Rose raises target price to C$23 from C$21; rating buy
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Friday, December 14, 2012

Upgrades, Downgrades and Target Changes - Dec 14 2012

Company Rating/Target Change
Empire Company Ltd TD Securities raises target price to C$64 from C$63
EnCana Corp Raymond James ups target to C$21.50 from C$20.50
Kaminak Gold Raymond James cuts target to C$3.10 from C$3.30; rating outperform
Kirkland Lake Gold Inc National Bank Financial cuts target to C$18 from C$26
Kirkland Lake Gold Inc Panmure cuts price target to 525p from 1000p; rating buy
Kirkland Lake Gold Inc Dundee Capital cuts target to C$12 from C$14; rating buy
Lundin Mining Corp BMO cuts target price to C$5.85 from C$6
Research In Motion Ltd Bernstein raises target price to C$11.59 from C$7.73
Trilogy Energy Corp CIBC raises target to C$35.50 from C$33
Whistler Blackcomb Holdings Inc CIBC raises target to C$13.25 from C$12.25
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Thursday, December 13, 2012

Upgrades, Downgrades and Target Changes - Dec 13 2012

Company Rating/Target Change
Bonterra Energy Corp CIBC raises target to C$49.50 from C$47
Cenovus Energy Inc RBC cuts target by 8.5 percent to C$43; rating outperform
Chieftain Metals Inc National Bank Financial cuts target to C$7.25 from C$8
Delphi Energy Corp CIBC cuts target price to C$1.35 from C$1.50
Foraco International SA Canaccord Genuity raises to buy from hold
IBI Group Canaccord Genuity raises to hold from sell ;Canaccord Genuity raises target to C$7 from C$6.50
 Longview Oil Corp  CIBC cuts target price to C$6.75 from C$7.75
Peyto CIBC reinstates with sector outperformer rating; target price of C$29
 Research In Motion Jefferies raises price target to $13 from $10; rating hold
RMP Energy Inc National Bank Financial raises price target to C$4 from C$3.75
RMP Energy Inc CIBC raises target price to C$3.25 from C$3.05
TRANSAT AT Inc National Bank Financial raises target to C$6.50 from C$5
TransGlobe Energy Corp CIBC raises to sector outperformer from sector performer
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Wednesday, December 12, 2012

Upgrades, Downgrades and Target Changes - Dec 12 2012

Company Rating/Target Change
Aeterna Zentaris Inc Roth Capital cuts target price to $8 from $10.50
Argonaut Gold Inc Canaccord Genuity raises target price to C$16 from C$15.50
Argonaut Gold Inc BMO raises target price to C$13 from C$11; rating outperform
Atlantic Power Corp TD Securities cuts target to $12.50 from $13
Bonterra Energy Haywood Research ups target price to C$48
Bonterra Energy CIBC ups target to C$49.50 from C$47; rating sector performer
Canadian Satellite Radio TD Securities raises target price to C$7 from C$6.50
Connacher Oil And Gas Ltd UBS raises to neutral from sell
Detour Gold TD Securities cuts target to C$39 from C$40; rating speculative buy
Detour Gold RBC cuts target price to C$32 from C$35; rating outperform
Discovery Air Canaccord Genuity cuts target to C$3.50 from C$3.75; rating buy
Enerplus Corp Raymond James cuts price target to C$16 from C$18
Gibson Energy Inc UBS raises price target to C$30 from C$29; rating buy
North West Company Barclays ups target to C$22 from C$21; rating equal weight
Nuvista Energy CIBC ups target to C$7 from C$6.50; rating sector outperformer
Nuvista Energy TD Securities raises target price to C$6.50 from C$6; rating hold
Nuvista Energy BMO raises target price to C$7.50 from C$6.50; rating outperform
Peyto Exploration & Development BMO raises target to C$27 from C$26
Pulse Seismic Inc Fraser Mackenzie raises price target to C$3.20 from C$2.90
Silver Standard Resources CIBC ups target to $23 from $18
Strad Energy Services Global Hunter starts with buy; price target of C$5
Tag Oil Ltd M Partners cuts target price to C$12.50 from C$13; rating buy
Teck Resources UBS cuts to neutral from buy; price target to C$38 from C$40
Uranium One Inc UBS cuts price target to C$3.25 from C$3.5; rating buy
WiLan Inc CIBC cuts price target to C$8 from C$10; rating sector outperformer
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Tuesday, December 11, 2012

Upgrades, Downgrades and Target Changes - Dec 11 2012

Company Rating/Target Change
Alderon Iron Ore Raymond James cuts target to C$3.25 from C$3.70
Cash Store Financial Services Stonecap Securities cuts target to C$2 from C$4
Eagle Energy Trust TD Securities cuts target to C$9 from C$11; rating hold
Enerplus CIBC cuts target to C$14.50 from C$15; rating sector underperformer
Enerplus UBS cuts target price to C$18 from C$20; rating buy
George Weston CIBC raises price target to C$76 from C$68; rating sector performer
George Weston BMO raises target price to C$71 from C$66; rating market perform
Mediagrif Interactive Acumen Capital ups target to C$20.60 from C$19.10
Meg Energy Corp  Canaccord Genuity cuts target by 6 percent to C$47; rating buy
Meg Energy Corp TD Securities cuts target price to C$48 from C$51; rating buy
Meg Energy Corp UBS cuts target price to C$56 from C$62; rating buy
Precision Drilling RBC raises target price to C$10 from C$9.50
Precision Drilling PI Financial cuts price target to C$9.75 from C$10.50
Redline Communications Cantor Fitzgerald starts with buy; target of C$7.50
Strad Energy  Paradigm Capital cuts target to C$5.50 from C$6; rating buy
Stonegate Agricom Stonecap Securities ups target to C$1.65 from C$1.50
Surge Energy CIBC cuts target to C$9 from C$9.50; rating sector outperformer
Surge Energy BMO cuts target price to C$7.50 from C$8; rating outperform
Veresen Inc CIBC cuts target to C$13.50 from C$13.75; rating sector performer
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Monday, December 10, 2012

Upgrades, Downgrades and Target Changes - Dec 10 2012

Company Rating/Target Change
Athabasca Oil RBC cuts target price to C$14 from C$17; rating sector perform
Cineplex Inc Stifel Nicolaus raises target price to $33 from $30; rating hold
Canadian Natural Resources UBS cuts price target to C$45 from C$50; rating buy
Eagle Energy Trust National Bank Financial cuts target to C$9.00 from C$9.50
Eagle Energy Trust Acumen Capital cuts target to C$10.50 from C$11; rating buy
First Quantum Canaccord Genuity cuts target to C$19 from C$21; rating hold
Harry Winston Diamond UBS cuts price target to C$17 from C$18; rating buy
Innvest Reit TD Securities cuts target to C$4.25 from C$4.50; rating hold
 Keegan Resources RBC raises target to C$5 from C$4.40; rating sector perform
Lundin Mining Corp CIBC cuts target to C$5.85 from C$6; rating sector performer
Lundin Mining Corp TD Securities cuts target to C$6 from C$6.50; rating buy
McCoy Corp Raymond James raises target to C$5.50 from C$5.00; rating outperform
Nexen Inc TD Securities raises price target to C$27 from C$25
Progress Energy Barclays raises target to C$22 from C$18; rating equal weight
Progress Energy Canaccord Genuity raises target to C$22 from C$21; rating hold
Progress Energy CIBC raises target to C$22 from C$20; rating sector performer
Scotiabank Canaccord Genuity raises target price to C$62 from C$61; rating buy
Scotiabank CIBC raises target to C$63 from C$61; rating sector outperformer
Veresen Inc Canaccord Genuity cuts target price to C$13.50 from C$15; rating buy
Veresen Inc TD Securities cuts target price to C$13.50 from C$14.50; rating buy
Veresen Inc Haywood cuts target to C$15 from C$15.50; rating sector outperform
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Friday, December 7, 2012

Upgrades, Downgrades and Target Changes - Dec 7 2012

Company Rating/Target Change
CIBC Canaccord Genuity raises target price to C$86 from C$85; rating hold
CIBC Barclays raises price target to C$81 from C$77; rating equal weight
Crescent Point Energy Barclays cuts target to C$50 from C$51; rating overweight
Crescent Point Energy NBF cuts target price to C$48 from C$49; rating outperform
Dollarama Inc CIBC ups target to C$73 from C$69; rating sector outperformer
DragonWave Inc CIBC cuts target to C$2.50 from C$3; rating sector underperformer
Enbridge Inc Canaccord Genuity raises target price to C$47 from C$45; rating buy
Enbridge Inc CIBC ups target price to C$49 from C$47; rating sector outperformer
George Weston Barclays raises price target to C$73 from C$62; rating equal weight
Loblaw Companies Barclays ups to overweight from equal weight
Loblaw Companies Barclays raises price target to C$43 from C$35
Loblaw Companies CIBC ups target price to C$42 from C$36; rating sector performer
Loblaw Companies NBF raises price target to C$42 from C$38
Royal Bank Of Canada CIBC raises to sector outperformer from sector performer
TD Bank Barclays cuts price target to C$87 from C$88; rating overweight
TD Bank CIBC cuts price target to C$90 from C$92
Transcontinental Canaccord Genuity ups target to C$10.50 from C$10; rating hold
Transcontinental NBF raises target price to C$13 from C$12.50;rating outperform
Westjet Airlines Canaccord Genuity ups target price to C$31 from C$29;rating buy
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Thursday, December 6, 2012

Upgrades, Downgrades and Target Changes - Dec 6 2012

Company Rating/Target Change
Canadian Pacific Railway Citigroup raises target to $111 from $100; rating buy
Canadian Pacific Railway TD Securities ups target to C$89 from C$87;rating hold
Finning International RBC cuts to sector perform from outperform
Hudbay Minerals Raymond James Raises target price to C$11.75 from C$11.50
Laurentian Bank of Canada  BMO cuts target to C$49 from C$52;rating market perform
Laurentian Bank of Canada RBC cuts target to C$49 from C$52;rating sector perform
Laurentian Bank of Canada TD Securities cuts target to C$52 from C$53; rating buy
Laurentian Bank of Canada Canaccord Genuity cuts target to C$51.50 from C$54.25; rating buy
Laurentian Bank of Canada CIBC cuts target price to C$51 from C$53; rating sector performer
Laurentian Bank of Canada National Bank Financial cuts to underperform from sector perform
Niko Resources Canaccord Genuity ups to buy rating; cuts price target to C$13.50
Primaris Retail REIT Canaccord Genuity ups target to C$27.50 from C$27
Primaris Retail REIT CIBC raises target price to C$27.50 from C$24.50
Primaris Retail REIT NBF ups target to C$28 from C$26.25; rating outperform
Primaris Retail REIT BMO cuts to market perform from outperform
ShawCor Ltd BMO cuts target price to C$42 from C$50; rating market perform
Sonde Resources RBC ups target price to C$1.50 from C$1.25;rating sector perform
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Wednesday, December 5, 2012

Dividend Increase Announced in Dec 2012

Company Ticker Announced Date Change New Dividend Next Record Date Frequence Type
Canadian Western Bank CWB 12/04/2012 6% 0.17 01/24/2013 Quarterly
Laurentian Bank LB 12/05/2012 4.25% 0.49 01/03/2013 Quarterly
National Bank NA 12/06/2012 6% 0.86 12/27/2012 Quarterly
Enbridge ENB 12/06/2012 12% 0.315 01/15/2013 Quarterly
Enbridge Income Fund ENF 12/10/2012 8% 0.11125 12/31/2012 Monthly
Fortis FTS 12/11/2012 3.3% 0.31 02/14/2013 Quarterly
Allied Properties Real Estate AP.UN 12/12/2012 3% 0.1133 12/31/2012 Monthly
Agnico-Eable Mine AEM 12/12/2012 10% 0.22 03/01/2013 Quarterly
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Upgrades, Downgrades and Target Changes - Dec 5 2012

Company Rating/Target Change
Allied Properties RBC raises to outperform from sector perform
Bank of Montreal Barclays raises target to C$60 from C$58; rating underweight
Bank of Montreal Canaccord Genuity raises target to C$66 from C$65; rating hold
Bank of Montreal CIBC ups target to C$63 from C$62; rating sector underperformer
Canadian Western Bank  Canaccord Genuity cuts price target to C$30 from C$32.75
Canadian Western Bank CIBC cuts target to C$31 from C$32; rating sectorperformer
Capstone Mining RBC cuts target to C$2.75 from C$3.25; rating sector perform
Evertz Technologies Canaccord Genuity cuts to hold from buy ;Canaccord Genuity ups target to C$16.50 from C$16
Husky Energy RBC raises price target to C$34 from C$32; rating sector perform
Husky Energy Canaccord Genuity raises to hold; price target to C$29 from C$27
Sprott Canaccord Genuity cuts target price to C$4.25 from C$4.75; rating hold
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Tuesday, December 4, 2012

Upgrades, Downgrades and Target Changes - Dec 4 2012

Company Rating/Target Change
Argent Energy Trust TD Securities starts with hold; price target of C$11.50
Argonaut Gold Inc  RBC starts with outperform rating; price target of C$14
Exco Technologies Canaccord Genuity ups target to C$6.50 from C$6.25;rating buy
Legacy Oil + Gas Inc Raymond James cuts to outperform from strong buy
New Zealand Energy Dundee Capital starts with buy rating; price target of C$3.75
Revett Minerals Stonecap Securities cuts target to C$5.60 from C$6
Saputo BMO raises to outperform from market perform; target to C$55 from C$45
Saputo Canaccord Genuity raises price target to C$49 from C$45; rating hold
Saputo CIBC raises price target to C$50 from C$49; rating sector performer
Saputo RBC raises target price to C$52 from C$48; rating outperform
ShawCor Ltd RBC cuts target price to C$47 from C$50; rating outperform
Sprott Inc M Partners cuts price target to C$4.75 from C$5.25; rating buy
TORC Oil and Gas Ltd CIBC starts with sector outperformer rating; target C$3.50
West Fraser Timber TD Securities ups to buy from hold; target to C$83 from C$65
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