Upgrades, Downgrades and Target Changes - Mar 13 2013

Company	Rating/Target Change
Aecon Group Inc	Desjardins raises target price to C$16 from C$14.50; rating buy
Air Canada	CIBC raises target to C$4.00 from C$3.00; rating sector outperformer
Alliance Grain Traders	NBF cuts target to C$13.50 from C$14; sectorperform
Altus Group Ltd	Canaccord cuts target price to C$11 from C$11.25; rating buy
Altus Group Ltd	CIBC raises target to C$9.25 from C$9; rating sector performer
ARC Resources Ltd	TD Securities cuts to hold from buy
Armtec Infrastructure	Canaccord raises target to C$2.10 from C$1.50; rating hold
Colossus Minerals	Canaccord cuts target to C$7.75 from C$9; speculative buy
Detour Gold Corp	RBC cuts target price to C$30 from C$32; rating outperform
Empire Company Ltd	CIBC ups target to C$69 from C$62; rating sector performer
Endeavour Mining	Canaccord cuts target to C$3.50 from C$4; speculative buy
Fortress Paper Ltd	RBC cuts target price to C$9 from C$12; rating sector perform
Great-West Lifeco	NBF resumes with sector perform; target price C$29
Great-West Lifeco	CIBC raises to sector performer from sector underperformer ;target price to C$27 from C$29
Great-West Lifeco	RBC raises target to C$26 from C$24; rating sector perform
Great-West Lifeco	TD Securities raises target to C$28 from C$25; rating hold
Hudson's Bay Co	TD Securities starts with buy rating and target price of $19
Labrador Iron Mines	RBC ups target to C$1.50 from C$1.25; rating sector perform
Pembina Pipeline Corp	Haywood raises target price to C$35 from C$34
Rocky Mountain Dealerships	Canaccord ups target to C$15 from C$14.75; rating buy
Rocky Mountain Dealerships	CIBC ups target to C$17 from C$16
Rocky Mountain Dealerships	TD Securities raises target to C$14.50 from C$13.50
Rocky Mountain Dealerships	RBC raises target to C$16 from C$15
Supremex Inc	NBF raises to sector perform from underperform
Total Energy Services	RBC ups target to C$16.50 from C$16; rating sector perform
Tourmaline Oil	NBF resumes with outperform rating; target price C$50
Tourmaline Oil	CIBC ups target to C$48 from C$46; rating sector outperformer
Tourmaline Oil	TD Securities raises target price to C$46 from C$43; rating buy
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