Upgrades, Downgrades and Target Changes - Jul 25 2013

Company	Rating/Target Change
Agnico Eagle Mines	Credit Suisse cuts target to $38 from $39; rating outperform
Agnico Eagle Mines	RBC cuts target price to $38 from $40; rating outperform
B2Gold Corp	National Bank Financial starts with outperform; price target C$4.35
Bombardier Inc	National Bank Financial raises target to C$5.50 from C$5.25
Canadian Pacific Railway	Canaccord Genuity ups target to C$138 from C$134; hold
Canadian Pacific Railway	CIBC ups target C$126 from C$122; rating sector performer
Canadian Pacific Railway	Desjardins cuts target price to C$123 from C$125; hold
Canadian Pacific Railway	TD Securities raises target to C$117 from C$109; reduce
Cenovus Energy	BMO cuts target price to C$38 from C$39; rating outperform
Cenovus Energy	Canaccord Genuity cuts price target by C$1 to C$40; rating buy
Cenovus Energy	National Bank Financial cuts target to C$40 from C$42; outperform
Cenovus Energy	RBC cuts target price to C$39 from C$40; rating outperform
Encana Corp	National Bank Financial cuts target to $21 from $22; sector perform
Encana Corp	TD Securities raises to buy
Healthlease Properties	LB Securities starts with buy rating; C$12 price target
Leisureworld Senior	LB Securities starts with buy rating; C$13.75 price target
Loblaw Companies	Desjardins raises price target to C$56 from C$55; rating buy
Loblaw Companies	Raymond James raises target to C$56 from C$54; rating outperform
Loblaw Companies	TD Securities raises price target to C$60 from C$57; rating buy
Mainstreet Equity	Canaccord Genuity raises target to C$38 from C$37; rating hold
Mullen Group	National Bank Financial raises target price to C$26 from C$23.50
Mullen Group	Raymond James raises target price to C$24 from C$23
Mullen Group	TD Securities raises target price to C$25 from C$23; rating hold
Rogers Communications	Canaccord Genuity raises target to C$46 from C$44; buy
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