Upgrades, Downgrades and Target Changes - Nov 01 2013

Company	Rating/Target Change
Alamos Gold	BMO raises target to C$22.50 from C$20; rating outperform
Alamos Gold	Canaccord Genuity raises to buy from hold
Alamos Gold	CIBC raises target to C$17 from C$16; rating sector performer
Alamos Gold	Desjardins cuts price target to C$19 from C$20; rating buy
Alamos Gold	Raymond James cuts to market perform on valuation
Alamos Gold	RBC cuts to sector perform from outperform
Alamos Gold	TD Securities ups target to C$19 from C$18
Argent Energy Trust	CIBC cuts target to C$11 from C$12.25
Altagas	National Bank Financial raises target to C$42 from C$41; outperform
Altagas	RBC raises target to C$40 from C$38; rating sector perform
Barrick Gold	Mackie Research raises target to C$16.50 from C$15; rating hold
Bombardier	CIBC cuts target to C$5.75 from C$6.25; rating sector outperformer
Bombardier	Sterne Agee cuts to neutral from buy
Bombardier	TD Securities cuts target to $5 from $5.50; rating hold
Canfor	CIBC raises target to C$28.50 from C$27.50; rating sector outperformer
COGECO	CIBC raises target to C$48 from C$47; rating sector performer
COGECO	TD Securities raises target to C$72 from C$67; rating action list buy
Cogeco Cable	CIBC raises target to C$53 from C$51; rating sector performer
Cogeco Cable	RBC cuts target to C$55 from C$57; rating outperform
Cogeco Cable	TD Securities raises target to C$70 from C$65; rating buy
Contrans Group	TD Securities raises target to C$14 from C$13; rating hold
First Quantum Minerals	Canaccord Genuity raises target to C$20.50 from C$19.50
First Quantum Minerals	RBC raises target to C$23 from C$22; rating outperform
Lundin Mining	Canaccord Genuity raises target to C$5.70 from C$5.50; buy
MDA	National Bank Financial raises target to C$95 from C$85; rating outperform
Parkland Fuel	National Bank Financial cuts to sector perform from outperform
PHX Energy Services	PI Financial raises target to C$12.50 from C$11.50; neutral
PHX Energy Services	RBC raises target to C$14 from C$12; rating sector perform
Stantec	BMO raises target to C$65 from C$54; market perform
Stantec	National Bank Financial raises target C$72.50 from C$54.50
Stantec	Desjardins raises target price to C$60 from C$55; rating hold
Stantec	LB Securities raises target price to C$65; rating hold
Stantec	Canaccord Genuity raises target to C$58.50 from C$69; rating buy
Stantec	Raymond James Raises to outperform from marketperform
Stantec	TD Securities raises target to C$74 from C$65; rating buy
Stantec	RBC raises target to C$70 from C$63; rating outperform
Suncor Energy	National Bank Financial raises target to C$45 from C$44
Suncor Energy	RBC raises target to C$55 from C$54; rating outperform
Suncor Energy	Canaccord Genuity raises target by C$1 to C$46; rating buy
TransAlta	TD Securities raises target to C$16.50 from C$16; rating buy
TransForce	CIBC raises target to C$25 from C$24; rating sector outperformer
Twin Butte Energy	CIBC raises target to C$2.75 from C$2.50; sector performer
Twin Butte Energy	Raymond James raises to strong buy; raises target to C$3
Twin Butte Energy	TD Securities raises to buy from hold
Western Energy Services	CIBC cuts target to C$9.25 from C$9.50; outperformer
Western Energy Services	Raymond James cuts target to C$9 from C$10; outperform
Western Energy Services	RBC cuts target to C$10 from C$11; rating outperform
Western Energy Services	TD Securities cuts target to C$9.50 from C$10; buy
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