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
More information needed? Please Search it...