Tuesday, April 30, 2013

Upgrades, Downgrades and Target Changes - Apr 30 2013

Company Rating/Target Change
Border Petroleum National Bank Financial cuts to sector perform from outperform
Capstone Mining Canaccord Genuity raises target price to C$3 from C$2.80
Capstone Mining National Bank Financial cuts target to C$2.75 from C$3; outperform
Chemtrade Logistics National Bank Financial raises target to C$19 from C$18
Constellation Software National Bank Financial ups target to C$150 from C$125
Elgin Mining National Bank Financial ups target to C$1.40 from C$1.20; outperform
ePals Corp Canaccord Genuity cuts target to C$1 from C$1.50; speculative buy
Kivalliq Energy Raymond James cuts to outperform from strong buy
Mullen Group National Bank Financial starts with sector perform; target C$23.50
Orezone Gold Corp Canaccord Genuity cuts target price to C$2.25 from C$3.65
Paladin Energy Raymond James cuts target to C$1.60 from C$2; rating outperform
TMX Group CIBC cuts price target to C$54 from C$59; rating sector performer
Uranium Participation Raymond James cuts target to C$7 from C$7.20; outperform
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Monday, April 29, 2013

Upgrades, Downgrades and Target Changes - Apr 29 2013

Company Rating/Target Change
Agnico Eagle Mines Mackie Research cuts target to C$39 from C$44; rating hold
Agnico Eagle Mines National Bank Financial cuts target to C$43 from C$46
Alamos Gold RBC raises price target to C$16 from C$15; rating outperform
Atco Ltd RBC raises target price to C$96 from C$89; rating sector perform
Atco Ltd TD Securities raises price target to C$104 from C$99; rating buy
Canadian Utilities BMO raises target price to C$83 from C$82;market perform
Canadian Utilities Canaccord Genuity raises target to C$80 from C$75; rating hold
Canadian Utilities RBC raises target to C$84 from C$77; rating sector perform
Canadian Utilities TD Securities raises target to C$83 from C$79; rating hold
Capital Power Corp Canaccord Genuity cuts target by C$1 to C$23; rating hold
Capstone Mining Raymond James raises target to C$4 from C$3.75; rating outperform
Centerra Gold HSBC cuts target price to C$10.10 from C$13.80; rating overweight
Detour Gold Canaccord Genuity cuts price target to C$27.50 from C$32
Detour Gold RBC raises price target to C$20 from C$19; rating outperform
Jean Coutu RBC raises price target to C$17 from C$16; rating sector perform
Metro Inc CIBC raises price target to C$67 from C$65; rating sector performer
Norbord Raymond James raises target to C$29 from C$27; rating market perform
Osisko Mining Dundee Capital cuts target price to C$8.50 from C$11; rating buy
Trimel Pharma RBC cuts price target to C$2.50 from C$6; rating outperform
TransCanada Corp  Canaccord Genuity raises target by C$1 to C$51; rating hold
TransCanada Corp TD Securities raises price target to C$51 from C$50
Wajax Corp M Partners cuts price target to C$48.50 from C$52.50; rating buy
West Fraser Timber Salman Partners raises target to C$100 from C$95; rating buy
Yamana Gold Dundee Capital cuts target price to C$17 from C$18.50;neutral
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Friday, April 26, 2013

Upgrades, Downgrades and Target Changes - Apr 26 2013

Company Rating/Target Change
Agnico Eagle Mines Canaccord Genuity cuts price target to $41 from $45
 Agrium Inc Canaccord Genuity cuts target price to $120 from $123
Alamos Gold BMO cuts price target to C$19.50 from C$21; rating outperform
Alamos Gold CIBC raises price target to C$17 from C$16
Alexco Resource Stonecap cuts price target to C$3.30 from C$5; rating outperform
Altagas Ltd TD Securities raises price target to C$42 from C$40
Amaya Gaming Group Cantor Fitzgerald raises target to C$8 from C$7.50; rating buy
Barrick Gold Corp CIBC cuts price target to $33 from $43
Banro Corp BMO cuts price target to C$1.50 from C$3.50; rating market perform
Canam Group Raymond James raises target to C$10 from C$9; rating outperform
Dominion Diamond BMO raises target price to C$20 from C$17.50;outperform
Domtar Corp JP Morgan cuts to neutral from overweight
Exco Technologies Canaccord Genuity cuts price target to C$6.50 from C$6.75
Finning International M Partners cuts target to C$37.25 from C$40.50; rating buy
Imperial Oil TD Securities cuts price target to C$51 from C$52; rating buy
Precision Drilling Canaccord Genuity cuts target price to C$10.50 from C$11
Precision Drilling PI Financial raises target price to C$10.25 from C$10;buy
Probe Mines Stonecap cuts price target to C$3.50 from C$3.75; rating outperform
Sherritt International Corp Paradigm Capital cuts price target to C$9 from C$9.25
Shoppers Drug Mart BMO raises price target to C$50 from C$48; rating outperform
Shoppers Drug Mart Desjardins cuts to sell from hold
Shoppers Drug Mart CIBC raises price target to C$47 from C$45
West Fraser Timber Raymond James raises price target to C$105 from C$100
Winpak Ltd PI Financial cuts to neutral from buy
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Thursday, April 25, 2013

Upgrades, Downgrades and Target Changes - Apr 25 2013

Company Rating/Target Change
Algonquin Power & Utilities Canaccord Genuity cuts to hold from buy
Aastra Technologies TD Securities cuts price target to C$21 from C$22
Canadian Pacific Railway Canaccord Genuity ups target to C$111 from C$104; sell
Canadian Pacific Railway Euro Pacific ups target to C$118 from C$105; neutral
Canadian Pacific Railway Jefferies raises target to $118 from $114; rating hold
Canadian Pacific Railway Raymond James raises to outperform
Canadian Pacific Railway TD Securities raises target to C$109 from C$106; reduce
Cenovus Energy Inc TD Securities raises price target to C$41 from C$40
DeeThree Exploration  Raymond James ups target to C$8.75 from C$8.50; outperform
Discovery Air Canaccord Genuity cuts price target to C$3 from C$3.50; rating buy
Discovery Air PI Financial cuts target price to C$3.50 from C$4.50
Enerplus Barclays raises to overweight from equal weight
Epsilon Energy  M Partners raises target price to C$5.50 from C$5.25; rating buy
Metro Inc Desjardins Capital raises target price to C$70.50 from C$68.50
Mullen Group Raymond James raises price target to C$23 from C$22.50;outperform
Mullen Group TD Securities cuts price target to C$23 from C$26; rating hold
Nevada Copper Corp Paradigm Capital raises price target to C$6.50 from C$6.25;buy
Sprott Inc Canaccord Genuity cuts target to C$2.75 from C$3.75; rating hold
Toromont Industries M Partners cuts target to C$26.25 from C$27.25; rating buy
Toromont Industries Raymond James cuts target to C$25 from C$25.75; outperform
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Wednesday, April 24, 2013

Upgrades, Downgrades and Target Changes - Apr 24 2013

Company Rating/Target Change
Alacer Gold Raymond James cuts target to C$4.75 from C$6; rating market perform
Athabasca Oil Canaccord Genuity cuts target price to C$9.50 from C$13
B2gold Corp Raymond James cuts target to C$4.75 from C$5.25; rating outperform
CRH Medical Corp Bloom Burton cuts to hold from buy
Detour Gold Raymond James cuts price target to C$29 from C$38; rating outperform
Encana Corp Raymond James cuts target to C$21 from C$22; rating market perform
Ivanplats Ltd Raymond James starts with outperform; target price C$4.75
Silvercrest Mines Raymond James cuts target to C$3.40 from C$3.75; outperform
Tahoe Resources Raymond James cuts target to C$21 from C$23; rating outperform
Teck Resources Canaccord Genuity cuts target to C$28 from C$30; rating hold
Teck Resources CIBC cuts target to C$46 from C$46.50; sector outperformer
Teck Resources RBC cuts target price to C$38 from C$42; rating outperform
Teck Resources TD Securities cuts price target to C$32 from C$33
TeraGo TD Securities cuts price target to C$12 from C$13
TransAlta CIBC cuts price target to C$15 from C$16; rating sector performer
TransAlta TD Securities cuts price target to C$15 from C$15.50
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Tuesday, April 23, 2013

Upgrades, Downgrades and Target Changes - Apr 23 2013

Company Rating/Target Change
Agrium Inc BMO cuts target price to $104 from $120
Atlantic Power RBC raises to sector perform from underperform
Bombardier Credit Suisse cuts target price to C$4.75 from C$5.50
Canadian National Railway Jefferies cuts price target to $84 from $85
Canadian National Railway TD Securities raises target price to C$107 from C$104
Canadian National Railway Sterne Agee raises target to $95 from $90
Centerra Gold TD Securities raises to speculative buy from hold
Eagle Energy Trust PI Financial cuts target price to C$8 from C$11; rating buy
Kelt Exploration Paradigm Capital starts with buy rating; price target of C$8
Lake Shore Gold Mackie Research cuts target price to C$1.50 from C$2
Mason Graphite Stonecap raises target price to C$1.60 from C$1.50
Northern Dynasty Minerals TD Securities cuts price target to C$8.50 from C$17
Potash corp BMO cuts target price to $47 from $49
Rogers Communications RBC raises price target to C$54 from C$53
Rogers Communications  CIBC cuts to sector performer from sector outperformer
Rogers Communications Credit Suisse cuts to neutral from outperform
Rogers Communications Stifel raises target price to C$52 from C$50; rating buy
 Softchoice Paradigm Capital raises price target to C$20 from C$18; rating tender
 Softchoice Raymond James raises target price to C$20 from C$16
 Softchoice LB Securities moves to tender from buy;raises price target to C$20 from C$18
Western Energy Raymond James cuts target price to C$9.25 from C$9.75
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Monday, April 22, 2013

Upgrades, Downgrades and Target Changes - Apr 22 2013

Company Rating/Target Change
Air Canada Canaccord Genuity cuts target price to C$5 from C$5.25;
Athabasca Oil Canaccord Genuity cuts price target to C$13 from C$14; rating buy
Baytex Energy  Canaccord Genuity cuts price target to C$52 from C$55; rating buy
Canadian Natural Resources Canaccord Genuity ups price target to C$36 from C$35
Cenovus Energy Canaccord Genuity cuts price target to C$40 from C$41; rating buy
Encana Canaccord Genuity raises price target to $21.50 from $20.50; rating hold
Gildan Activewear National Bank Financial raises target price to C$44 from C$42
Husky Energy Canaccord Genuity ups price target to C$34 from C$33; rating hold
Ithaca Energy RBC raises target price to C$3.60 from C$3.40; rating outperform
Meg Energy Canaccord Genuity cuts price target to C$38 from C$39; rating hold
Silverwillow Energy Canaccord Genuity cuts price target to C$1 from C$1.10
Southern Pacific Resource Canaccord cuts price targetto C$1.25 from C$1.75
Suncor Energy Canaccord Genuity cuts price target to C$45 from C$46
Toromont Industries Canaccord Genuity raises to buy from hold
TransForce CIBC cuts target price to C$23.50 from C$25.50
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Thursday, April 18, 2013

Upgrades, Downgrades and Target Changes - Apr 18 2013

Company Rating/Target Change
Alderon Iron Ore Corp TD Securities cuts target price to C$2.25 from C$3
Augusta Resource CIBC cuts price target to C$4.90 from C$5.50
Balmoral Resources LB Securities cuts price target to C$1 from C$1.50
Capstone Mining CIBC cuts price target to C$4.40 from C$4.80
CI Financial CIBC raises price target to C$25 from C$23.50
Contrans Group Inc TD Securities cuts to hold from buy
Copper Mountain Mining CIBC cuts price target to C$5 from C$5.20
Entree Gold CIBC cuts price target to C$1.40 from C$1.90
First Quantum Minerals Ltd RBC cuts price target to C$25 from C$26
IGM Financial CIBC raises price target to C$47 from C$43.50
Industrial Alliance National Bank cuts price target to C$36 from C$37
Katanga Mining CIBC cuts price target to C$1 from C$1.10
Lundin Mining CIBC cuts price target to C$6.15 from C$6.25
Manulife Financial Corp National Bank cuts price target to C$15 from C$16
New Flyer Industries Canaccord Genuity raises price target to C$10.25 from C$10
Novus Energy  CIBC cuts price target to C$1.10 from C$1.20
Novus Energy Haywood cuts price target to C$1.10; rating buy
Novus Energy Raymond James cuts target price to C$1 from C$1.25
Novus Energy NBF cuts price target to C$1.15 from C$1.45; rating outperform
Premier Gold Mines Ltd LB Securities cuts price target to C$4 from C$7.50
Rio Alto Mining CIBC cuts target price to C$7 from C$7.40
Sherritt International CIBC cuts target price to C$6.25 from C$6.50
Sun Life Financial Inc National Bank cuts target price to C$30 from C$31
Virginia Mines Inc LB Securities cuts prce target to C$13.75 from C$17.75
Western Copper and Gold CIBC cuts target price to C$3.20 from C$3.50
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Wednesday, April 17, 2013

Upgrades, Downgrades and Target Changes - Apr 17 2013

Company Rating/Target Change
Aecon Group Canaccord Genuity cuts target price to C$12 from C$13; rating hold
Air Canada RBC cuts to sector perform from outperform
ARC Resources Canaccord Genuity ups target to C$29.50 from C$27.08; rating buy
Bellatrix Exploration Canaccord Genuity ups target to C$9.50 from C$9; rating buy
Bonavista Energy Canaccord Genuity ups target to C$17.50 from C$16.50; rating buy
Canfor Corp RBC raises target price to C$20 from C$16; rating sector perform
Cascades Inc RBC raises target price to C$6.50 from C$5.50; rating outperform
Conifex Timber RBC raises target price to C$10 from C$8; rating sector perform
Fortress Paper RBC cuts target price to C$8 from C$10; rating sector perform
International Forest Products RBC raises target price to C$13 from C$12
Jean Coutu Canaccord Genuity raises price target to C$16 from C$15
MBAC Fertilizer Canaccord Genuity cuts target to C$3.70 from C$5.30; rating buy
MBAC Fertilizer Salman Partners cuts target to C$3.20 from C$5.40; rating buy
Paramount Resources Canaccord Genuity ups target to C$40 from C$38; rating hold
Pengrowth Energy  Canaccord Genuity cuts target to C$7 from C$7.50; rating buy
Peyto exploration & Development Canaccord Genuity ups target to C$32 from C$28
Sandstorm Gold Canaccord Genuity raises to speculative buy from hold
San Gold Corp BMO cuts to underperform from market perform
Santonia Energy Canaccord Genuity raises target price to C$2 from C$1.90
Tembec Inc RBC raises target price to C$5.50 from C$4.50; rating outperform
Twin Butte Energy Canaccord Genuity ups target to C$3.20 from C$3.10; rating buy
West Fraser Timber RBC raises target to C$100 from C$80; rating sector perform
Westjet Airlines RBC cuts to sector perform from outperform
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Tuesday, April 16, 2013

Upgrades, Downgrades and Target Changes - Apr 16 2013

Company Rating/Target Change
Canfor corp Raymond James raises target price to C$24.50 from C$23
Great Panther Silver Stonecap cuts price target to C$1.20 from C$1.25
Inter Pipeline Fund Canaccord Genuity raises target price to C$26 from C$25
Parkland Fuel CIBC cuts target price to C$19.25 from C$20
Premier Gold Mines Laurentian Bank cuts price target to C$4 from C$7.50
Renegade Petroleum TD Securities cuts target price to C$2.50 from C$2.75
Renegade Petroleum Dundee cuts target price to C$2.65 from C$2.75; rating buy
Renegade Petroleum Raymond James cuts target price to C$2.25 from C$2.50
Sierra Metals RBC cuts price target to C$3.30 from C$3.50; rating sector perform
Southern Pacific Resource CIBC cuts target price to C$1 from C$1.75
Sun Life Financial CIBC cuts target price to C$31 from C$32
Sure Energy Haywood cuts to hold from buy
West Fraser Timber Raymond James raises price target to C$100 from C$95
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Monday, April 15, 2013

Upgrades, Downgrades and Target Changes - Apr 15 2013

Company Rating/Target Change
Alexco Resource Corp Canaccord Genuity cuts to hold from speculative buy;cuts target price to C$3.75 from C$5.15
Arcan Resources CIBC cuts target price to C$0.90 from C$1.20
Arcan Resources National Bank Financial cuts target price to C$1 from C$1.50
Bauer Performance CIBC cuts to sector performer from sector outperformer
Dollarama CIBC raises target price to C$80 from C$73
Dollarama Canaccord Genuity raises target price to C$78 from C$72; rating buy
Hudson's Bay  Canaccord Genuity cuts target price to C$19 from C$21; rating buy
Industrial Alliance  Canaccord Genuity ups target to C$41 from C$40; rating hold
Pacific Rubiales Energy RBC cuts target to C$30 from C$35; rating outperform
Postmedia Network Canada RBC cuts to underperform from sector perform
Shaw Communications Canaccord Genuity cuts target to C$21 from C$23; rating sell
Shaw Communications NBF cuts target price to C$22 from C$23
Shaw Communications RBC cuts target to C$23 from C$24; rating sector perform
Sun Life Financial Canaccord Genuity cuts target to C$28 from C$29; rating hold
Teranga Gold Corp BMO cuts target price to C$1 from C$2.75
WesternZagros Resources RBC raises target to C$3 from C$2.75; rating outperform
Yamana Gold Davy Research cuts to underperform from outperform
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Friday, April 12, 2013

Upgrades, Downgrades and Target Changes - Apr 12 2013

Company Rating/Target Change
Adriana Resources Inc Desjardins cuts target to C$0.65 from C$1.15; rating buy
Alderon Iron Ore Desjardins cuts price target to C$2.75 from C$3.25; rating buy
Alimentation Couche-Tard TD Securities raises price target to C$70 from C$67
Bankers Petroleum TD Securities raises to action list buy from buy
Barrick Gold Mackie cuts price target to C$34 from C$40.5
Cogeco Cable BMO raises target price to C$45 from C$43; rating market perform
Cogeco Cable CIBC raises price target to C$47 from C$45; rating sector performer
Cogeco Cable Desjardins raises price target to C$50 from C$44.50; rating hold
Cogeco Cable TD Securities raises to buy from hold; target to C$60 from C$50
Cogeco Inc CIBC raises target to C$43.50 from C$41; rating sector performer
Cogeco Inc TD Securities raises target to C$62 from C$52; rating action list buy
Corus Entertainment Canaccord Genuity cuts target price to C$22.50; rating hold
Corus Entertainment National Bank Financial cuts target to C$24.50 from C$25
Corus Entertainment RBC cuts target to C$25 from C$26; rating sector perform
Corus Entertainment TD Securities cuts target to C$26 from C$27; rating hold
Endeavour Silver CIBC starts with sector outperformer rating
Hudson's Bay CIBC cuts target to C$20 from C$22; rating sector outperformer
Hudson's Bay TD Securities cuts target price to C$18 from C$19; rating buy
Intertape Polymer RBC raises target to C$12 from C$11; rating sector perform
Leisureworld Senior Care Dundee Capital raises to buy from neutral ;raises price target to C$14 from C$13
Nemaska Lithium Dundee Capital cuts to neutral from buy
OPMEDIC Group Laurentian Bank cuts target price to C$3 from C$3.50 ; cuts to hold from buy
Pan American Silver CIBC starts with sector performer rating
Rainy River Resources Desjardins cuts target to C$6.25 from C$8.90; rating buy
Sandvine Corp Canaccord Genuity raises target to C$2.50 from C$2.15; rating buy
Sandvine Corp M Partners raises target price to C$1.80 from C$1.60; rating hold
Sandvine Corp  RBC raises price target to C$2.60 from C$2; rating sector perform
Sirius XM Canada Canaccord Genuity ups target to C$7.75 from C$7.25; rating buy
Temple Hotels Laurentian Bank cuts price target to C$7.50 from C$8; rating buy
TMX Group National Bank Financial cuts price target to $57 from $58
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Dividend Increase Announced in Apr 2013

Company Ticker Announced Date Change New Dividend Next Record Date Frequence Type
Dollarama DOL 04/12/2013 27% 0.14 04/30/2013 Quarterly
Methanex MX 04/25/2013 8% 0.20 06/16/2013 Quarterly
AltaGas ALA 04/26/2013 4.2% 0.125 05/27/2013 Monthly
Suncor SU 04/29/2013 0.20 45% 06/04/2013 Quarterly
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Thursday, April 11, 2013

Upgrades, Downgrades and Target Changes - Apr 11 2013

Company Rating/Target Change
Agnico Eagle Mines Canaccord Genuity cuts target price to $45 from $55
Alamos Gold Canaccord Genuity cuts target to $18 from $22; rating buy
Argonaut Gold Canaccord Genuity cuts target to C$12 from C$13.50; rating buy
Augusta Resource TD Securities raises target to C$4.50 from C$4; rating buy
Aura Minerals Inc Canaccord Genuity cuts to hold from speculative buy
B2gold Corp Canaccord Genuity cuts target price to C$5 from C$6; rating buy
Barrick Gold Corp Canaccord Genuity cuts target to $31 from $40
Barrick Gold Corp RBC cuts target price to $32 from $37; rating sector perform
Barrick Gold Corp TD Securities cuts price target to $31 from $39
BTB REIT Laurentian Bank starts with buy rating; price target C$5.15
Chesapeake Canaccord Genuity cuts target to C$14 from C$17.25;rating spec. buy
Dorel Industries BMO starts with outperform rating
Dragonwave Inc TD Securities cuts target price to $1.75 from $2; rating hold
Eldorado Gold Canaccord Genuity cuts target price to $12.75 from $17
First Quantum Minerals Paradigm Capital raises target to C$29.50 from C$27.50
Goldcorp Canaccord Genuity cuts target price to $46 from $51; rating buy
Iamgold SocGen cuts to sell from hold; target to C$5.40 from C$8.40
InterRent REIT TD Securities starts with hold rating; price target of C$7
Kinross Gold Corp Canaccord Genuity cuts target to $9.75 from $11.75
Lumina Copper Raymond James cuts target to C$20 from C$22; rating strong buy
Sandspring Resources Mackie cuts price target to C$2.65 from C$3.80; rating buy
Santacruz silver mining Raymond James starts with outperform;price target C$2.50
Semafo Inc SocGen cuts target to $c3.50 from C$7.10; rating buy
SilverCrest mines Raymond James starts with outperform; price target C$3.75
Spyglass Resources NBF resumes with sector perform; target price C$3
Trevali Mining PI Financial cuts price target to C$2.20 from C$2.50; rating buy
Yamana Gold Inc Canaccord Genuity cuts target to $20.75 from $24; rating buy
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