Upgrades, Downgrades and Target Changes - Jan 15 2013

Company	Rating/Target Change
ARC Resources Ltd	CIBC raises to sector outperformer from sector performer
Aurizon Mines	BMO raises target price to C$4.65 from C$3.75
Baytex Energy Corp	CIBC raises to sector outperformer from sector performer
Bonterra Energy Corp	CIBC raises to sector outperformer from sector performer
Canadian National Railway	CIBC raises target price to C$105 from C$95
Contrans Group	National Bank Financial cuts to sector perform from outperform
Guyana Goldfields Inc	RBC raises target price to C$6 from C$5.50
Industrial Alliance Insurance	Canaccord Genuity raises target to C$38 from C$34
Ivanplats Ltd	CIBC starts with sector performer rating; target price C$6
Pengrowth Energy Corp	CIBC cuts target price to C$5 from C$7.25
Penn West Petroleum	CIBC cuts target price to C$11 from C$16
Petrobakken Energy Ltd	CIBC cuts target price to C$11 from C$18 ;CIBC cuts to sector performer from sector outperformer
Peyto Exploration	CIBC cuts target price to C$25 from C$29
Transforce Inc	National Bank Financial raises target price to C$25 from C$20.50
Trimac	National Bank Financial raises target price to C$6.50 from C$5.75
Uranium One Inc	IBC cuts to sector performer from sector outperformer ;cuts target price to C$2.86 from C$5
Vermilion Energy	CIBC raises target price to C$61 from C$51.50
More information needed? Please Search it...