Upgrades, Downgrades and Target Changes - Sep 11 2013

Company	Rating/Target Change
Africa Oil	RBC raises price target to C$15 from C$12; rating outperform
Allied Properties	Canaccord Genuity cuts target to C$33.60 from C$35.65; buy
Artis	Canaccord Genuity cuts price target to C$15.50 from C$17.90; rating buy
Aurora Oil & Gas	CIBC ups target to C$4.75 vs C$4.50; rating sector outperformer
Bellatrix Exploration	Canaccord Genuity ups target to C$10.50 vs C$10;rating buy
Boardwalk	Canaccord Genuity cuts target to C$59 from C$66.40; rating hold
Brookfield Office Properties	Canaccord cuts target to $18.50 from $20.60; buy
Calfrac Well Services	CIBC ups target to C$41 vs C$40;rating sector outperformer
Capstone Mining Corp	BMO starts with outperform rating and C$3.50 target price
Calloway	Canaccord Genuity cuts price target to C$24 from C$26; rating hold
Canexus Corp	CIBC cuts target to C$10 from C$11; rating sector outperformer
Churchill Corp	Canaccord Genuity ups target to C$10.75 from C$9.50; rating buy
Crombie	Canaccord Genuity cuts target to C$13.50 from C$15.20; rating hold
Dundee	Canaccord Genuity cuts price target to C$31.25 from C$35; rating buy
Granite	Canaccord Genuity cuts price target to C$37 from C$40; rating hold
H&R	Canaccord Genuity cuts price target to C$22.15 from C$24; rating buy
Healthlease	Canaccord Genuity cuts target to C$10.10 from C$11.50; rating buy
Hudson's Bay	Canaccord Genuity raises target to C$22.50 from C$19; rating buy
Killam Properties	Canaccord Genuity cuts target to C$11.50fromC$12.85;rating buy
Mainstreet Equity	Canaccord Genuity cuts target to C$32.35 from C$38;rating hold
Major Drilling Group	CIBC cuts target to C$8.50; rating sector outperformer
Major Drilling Group	RBC ups to outperform from sector perform; target to C$9 from C$8
Northern Property	Canaccord Genuity cuts target to C$28.80 from C$32
Pinecrest Energy	CIBC cuts target to C$0.50 from C$1.25; rating sector performer
Pinecrest Energy	Canaccord cuts target to C$0.80 from C$1; speculative buy
Pinecrest Energy	Paradigm Capital cuts price target to C$0.75; rating buy
Raging River Exploration	NBF ups target to C$7.00 from C$5.75; rating outperform
Riocan	Canaccord Genuity cuts price target to C$24 from C$26.50; rating hold
Sophiris Bio	Lazard starts with buy; price target $10
TORC Oil	TD Securities cuts target to C$12 from C$16.25; action list buy
TransAlta Renewables	RBC starts with sector perform; price target C$11
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