Upgrades, Downgrades and Target Changes - Feb 14 2013

Company	Rating/Target Change
Agnico Eagle Mines Ltd	BMO cuts target price to $50 from $55
Birchcliff Energy Ltd	CIBC raises target price to C$9.25 from C$8.75
Birchcliff Energy Ltd	RBC raises target price to C$8.50 from C$7.50
Birchcliff Energy Ltd	Raymond James raises target price to C$7.50 from C$7.25
Blackpearl Resources	BMO cuts target price to C$3.75 from C$4
Eagle Energy Trust	PI Financial starts with buy rating; target price C$11
CAE Inc	Paradigm Capital cuts to hold from buy;Paradigm Capital cuts price target to C$12 from C$12.50
CAE Inc	Stonecap Securities cuts price target to C$12 from C$12.50
CAE Inc	CIBC cuts price target b yC$0.50 to C$11.50
Canacol Energy Ltd	Mackie Research cuts target price to C$7 from C$7.50
Canacol Energy Ltd	Fraser Mackenzie cuts price target to C$5.75 from C$6.00
Enbridge Income Fund	CIBC raises price target to C$26.50 from C$25.75
Equity Financial	Acumen Capital raises target price to C$13.90 from C$10.95
Equity Financial	M Partners raises price target to C$11.60 from C$8.50
Finning International Inc	RBC raises target price to C$30 from C$26
Finning International Inc	Raymond James raises target price to C$30 from C$27.50
Finning International Inc	M Partners cuts target price to C$40.50 from C$41.25
Finning International Inc	Credit Suisse raises target price to C$32 from C$30
Home Capital Group	RBC cuts target price to C$66 from C$67
Home Capital Group	National Bank Financial ups target price to C$72 from C$62
Home Capital Group	GMP Securities raises price target to C$68 from C$59
Katanga Mining Ltd	CIBC cuts price target to C$1.10 from C$1.20
Manitok Energy Inc	Raymond James cuts target price to C$3.25 from C$3.50
Marquee Energy	Acumen Capital cuts target price to C$1.20 from C$1.40
Orezone Gold Corp	Desjardins cuts target price to C$3.50 from C$4.50
Peyto Exploration	National Bank Financial raises target to C$29 from C$28
Poseidon Concepts Corp	Canaccord Genuity cuts to sell from hold
Progressive Waste Solutions	Octagon cuts to hold from buy
Orbit Garant Drilling	CIBC cuts to sector underperformer from sector performer ;CIBC cuts price target to C$2 from C$3.25
Pembina Pipeline Corp	CIBC raises target price to C$30.50 from C$30
Pembina Pipeline Corp	TD Securities raises target price to C$30 from C$28
Russel Metals Inc	CIBC raises target price to C$32 from C$28.75
Sterling Resources	CIBC cuts price target to C$0.85 from C$1.50
San Gold Corp	Stonecap Securities cuts target price to C$0.30 from C$0.5
Sun Life Financial	RBC raises target price to C$28 from C$25
Sun Life Financial	CIBC raises price target to C$32 from C$28
Sun Life Financial	National Bank Financial ups target price to C$31 from C$27
Solium Capital	M Partners starts with buy rating; price target of C$4.75
Telus Corp	National Bank Financial raises target price to C$70 from C$69
Winpak Ltd	PI Financial raises price target to C$19.50 from C$18.00; rating buy
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