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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