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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