Upgrades, Downgrades and Target Changes - Jul 29 2013

Company	Rating/Target Change
Alamos Gold	RBC raises target prioce to C$18 from C$16; rating outperform
Alaris Royalty	Canaccord Genuity raises target to C$36 from C$35; rating buy
Canadian Natural Resources	TD Securities cuts target price to C$38 from C$40 ;TD Securities cuts to hold from buy
Canadian Utilities	Canaccord Genuity raises to buy from hold
Canelson Drilling	NBF raises target to C$7 from C$6.50; rating outperform
Canfor Corp	BMO raises target price to C$27 from C$23.50; rating outperform
Canfor Corp	TD Securities raises target price to C$27 from C$24; rating buy
Canfor Pulp Products	BMO raises target to C$11 fromC$10; rating market perform
Canfor Pulp Products	RBC raises target to C$10 from C$9; rating sector perform
Celestica	Canaccord Genuity raises target price to $11.75 from $8.50
Celestica	CIBC raises target price to C$13 from C$11; rating sector outperformer
Cenovus Energy	NBF cuts target price to C$40 from C$42; rating outperform
Encana Corp	NBF cuts target price to C$21 from C$22; rating sector perform
Gildan Activewear	TD Securities raises target price to $52 from$47; rating buy
Mullen Group	NBF raises target price to C$26 from C$23.50; rating outperform
Potash Corp	CIBC cuts target price to $38 from $40; rating sector performer
Precision Drilling	CIBC ups target to C$13 from C$12; rating sector outperformer
Precision Drilling	Jefferies raises target price to $11 from $9; rating hold
Stella-Jones Inc	TD Securities starts with hold rating; price target of C$110
Thomson Reuters	RBC raises target price to $34 from $33;rating sector perform
TransCanada	TD Securities raises to buy from hold; target to C$52 from C$51
urquoise Hill Resources	BMO cuts target price to C$5.50 from C$10
UEX Corp	Raymond James cuts to market perform from outperform
Uranium Participation Corp	Raymond James cuts target price to C$6.50 from C$7
UR-Energy Inc	Raymond James cuts to outperform from strong buy
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