Upgrades, Downgrades and Target Changes - Jul 18 2013

Company	Rating/Target Change
Alexco Resource	Canaccord Genuity cuts to sell from hold
Altagas Ltd	RBC cuts to sector perform from outperform
Atlantic Power	RBC cuts price target to C$4 from C$6; underperform
Canadian Utilities	RBC raises to outperform from sector perform
Cineplex Inc	Raymond James ups target to C$42 from C$40; rating outperform
Colabor Group	TD Securities raises to hold from reduce; target to C$4 from C$3
Colabor Group	Desjardins raises target price to C$4.25 from C$4; rating hold
Crown Point Energy	M Partners cuts target price to C$1.25 from C$1.50; rating buy
Intact Financial	National Bank Financial cuts target price to C$71 from C$72
K-Bro Linen	LB Securities raises target price to C$40 from C$37; rating buy
Klondex Mines Ltd	M Partners starts with buy rating; target price C$2
Keyera Corp	RBC cuts price target to C$61 from C$65
Potash Corp	Raymond James cuts price target to $44 from $48; ratingoutperform
Ritchie Bros.	Credit Suisse cuts price target to $20 from $23; rating neutral
Russel Metals	Raymond James cuts target to C$26 from C$29; rating market perform
Twin Butte Energy	Acumen cuts target price to C$2.50 from C$3; rating buy
Valener Inc	RBC cuts to underperform from sector perform
West Fraser Timber	Raymond James raises target to C$110 from C$105; strong buy
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