Friday, January 24, 2014

Upgrades, Downgrades and Target Changes - Jan 24 2014

Company Rating/Target Change
Africa Oil Morgan Stanley starts with equal weight rating
Africa Oil CIBC raises target price to C$50 from C$32; rating sector outperformer
Barrick Gold RBC raises target to $23 from $20
Canacol Eergy Scotia raises target to $8 from $7
chemtrade Logistics Scotia raises target to $22 from $20.75
First Quantum Minerals Canaccord Genuity ups target to C$20 from C$19; hold
Gildan Activewear NBF raises price target to C$67 from C$59; rating outperform
Leisureworld Senior Canaccord Genuity ups target to C$14 from C$13; rating buy
Midway Gold RBC cuts target price to C$2 from C$2.25; rating outperform
Open Text TD raises target to US$115 from US$100, rating buy
Open Text Scotia raises target to US$114 from US$102
Richelieu Hardware NBF raises price target to C$51 from C$46
Richelieu Hardware Scotia raises price target to C$58 from C$53
Semafo Inc CIBC raises target price to C$4.25 from C$3
Semafo Inc TD raises target price to C$3.75 from C$3.5
TMX Group TD raises target from $48 to $53
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Thursday, January 23, 2014

Upgrades, Downgrades and Target Changes - Jan 23 2014

Company Rating/Target Change
Capstone Mining RBC raises target price to C$3.40 from C$3
Gran Tierra RBC raises target price to C$13 from C$12; rating outperform
Gran Tierra Stonecap Securities raises target to C$10.75 from C$9.50
Iamgold NBF cuts target price to C$6.25 from C$7.50; rating outperform
 Ithaca Energy Imperial Capital ups target to C$3.30 from C$3.05; outperform
Just Energy Group RBC raises target price to C$8 from C$7; rating sector perform
Metro RBC raises target price to C$74 from C$72; rating outperform
Klondex Mines PI Financial raises price target to C$3 from C$2.65; rating buy
Premier Gold Cantor Fitzgerald cuts target to C$3.05 from C$4.60; rating buy
 Probe Mines RBC raises target price to C$3.50 from C$3; rating outperform
ProMetic Life Sciences  Paradigm Capital ups target to C$2.25 from C$1.35; buy
RMP Energy NBF raises target price to c$8.50 from C$8.00; rating outperform
Whitecap Resources CIBC raises target price to C$15.50 from C$14.50
WesternZagros Resources Wood Company cuts target to C$1.60 from C$2.68; buy
Winpak Ltd PI Financial raises price target to C$26 from C$24; rating buy
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Wednesday, January 22, 2014

Upgrades, Downgrades and Target Changes - Jan 22 2014

Company Rating/Target Change
Aecon Canaccord Genuity raises price target to C$20 from C$14; raises to buy from hold
Bird Construction Canaccord Genuity ups target to C$14.50 from C$13; rating buy
BlackBerry TD raises target to US$9.50 from US$8.50
Bombardier CIBC cuts target price to C$5 from C$5.75; sector outperformer
Bombardier TD cuts target to US$4.00 from US$5.00
Cascades NBF removes from action list; keeps outperform rating
CCL Industries(CCL.B) Scotia raises target to $94 from $92
Detour Gold Canaccord Genuity raises target to C$4.50 from C$4.25; rating sell
Detour Gold TD raises target to C$11 from C$8.5; rating buy
Finning International Canaccord ups target to C$31 from C$29; rating buy
Genworth MI Canada (MIC) Scotia raises target to $38 from $32
Gran Tierra Energy  Canaccord Genuity ups target to C$9.50 from C$9; rating buy
Gran Tierra Energy Scotia raises target to $11 from $9.5
IAMGOLD Corp Canaccord Genuity cuts to hold from buy
Newalta Corp NBF raises target price to C$21 from C$19; rating outperform
Toromont Industries Canaccord Genuity ups target toC$29.50 from C$27.50; buy
Transat AT Canaccord Genuity cuts target to C$18.50 from C$19.25; rating buy
WSP Global Canaccord Genuity raises target to C$31.50 from C$25.50; rating hold
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Tuesday, January 21, 2014

Upgrades, Downgrades and Target Changes - Jan 21 2014

Company Rating/Target Change
Argonaut Gold Scotia Capital cuts target to $8.00 from $8.25
Bombardier Canaccord Genuity cuts price target to C$4 from C$4.25; rating hold
Boralex: Scotia Capital raise target to $14 from $13
Candente Copper Raymond James cuts target to C$0.75 from C$0.80; market perform
 Capital Power Scotia Capital raises target to $26.00 from $22
CGI Group Scotia Capital cuts target to $45 from $47
 Chesswood Group Canaccord Genuity starts with buy; price target C$19.50
 Cineplex Inc RBC raises target price to C$43 from C$41; rating sector perform
DREAM Unlimited Canaccord Genuity starts with buy; price target C$22
Donnycreek Energy Paradigm Capital ups target to C$3.25 from C$2.50; rating buy
Duluth Metals Raymond James cuts target to C$2.50 from C$3; rating outperform
First Quantum Minerals Goldman Sachs cuts target to C$23.25 from C$25; buy
Gildan Activewear Scotial Capital raises target to $70 from $60
Osisko Mining NBF raises target to C$6.50 from C$6.25; rating sector perform
Osisko Mining Credit Suisse ups target to C$7.75 from C$6.50; rating outperform
Lundin Mining Raymond James raises target price to C$6.25 from C$5.50
Lundin Mining Goldman Sachs cuts price target to C$5.80 from C$6; rating buy
Nevsun Resources Raymond James ups target to C$5.50 from C$5; rating outperform
Northland Power Scotia Capital raises target to $18 from $17
Mullen Group TD raises target to $29 from $28
Raging River Canaccord Genuity ups target to C$8.50 from C$7.50; rating buy
Raging River CIBC ups target to C$9.75 from C$8.25; rating sector outperformer
Raging River Paradigm Capital raises target to C$9.50 from C$7.50; rating buy
Raging River TD raises target to C$9.00 from C$7.50; rating buy
Rock Energy Paradigm Capital raises target price to C$5 from C$3.75; rating buy
Pengrowth Energy Scotia Capital raises target to $9.25 form $8
Sprott Canaccord Genuity raises price target to C$3 from C$2.75; rating hold
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Monday, January 20, 2014

Upgrades, Downgrades and Target Changes - Jan 20 2014

Company Rating/Target Change
AGF Management CIBC ups target to C$13.50 from C$12.50; rating sector performer
Alamos Gold Canaccord cuts target price to C$16 from C$20; rating buy
Argonaut Gold Canaccord Genuity raises target price to C$8 from C$6.75
Baylin Technologies Raymond James starts with outperform; price target C$9
B2gold Corp  Canaccord cuts target price to C$3.50 from C$4; rating buy
 Cameco Corp  TD Securities ups to buy from hold; raises target to C$31 from C$22
Churchill Corp TD Securities raises target price to C$12 from C$9
Detour Gold Corp Canaccord raises target to C$4.25 from C$2.50; rating sell
Dollarama Inc Raymond James raises price targetto C$90 from C$85
Dollarama Inc Scotia Capital cuts price targetto C$96 from C$97
Fortuna Silver Mines Canaccord Genuity cuts target price to C$5 from C$5.25
New Gold Canaccord raises target price to C$7 from C$5.75; rating hold
Pan American Silver Canaccord raises target to C$14.25 from C$11:50; rating hold
Pan American Silver Deutsche Bank raises to buy from hold
Sandstorm Gold Canaccord Genuity cuts target price to C$7 from C$7.50
Strategic Oil and Gas Raymond James cuts price target to C$0.75 from C$1.20
Taseko Mines TD Securities ups to buy from hold; ups target to C$3.50 fromC$2.75
Total Energy Services CIBC raises price target to C$21 from C$19.50
Tricon Capital Group NBF starts with outperform; price target C$10
Turquoise Hill Resources TD Securities raises target price to C$4.50 from C$3.25
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Friday, January 17, 2014

Upgrades, Downgrades and Target Changes - Jan 17 2014

Company Rating/Target Change
Alamos Gold CIBC cuts target price to C$15 from C$17
Alamos Gold TD Securities cuts target price to C$14 from C$18; rating hold
Alamos Gold BMO cuts target price to C$16 from C$18.25; rating outperform
Alamos Gold Mackie Research cuts target price to C$12 from C$12.75; rating hold
Axia NetMedia Cantor Fitzgerald starts with buy rating; target price of C$4.50
Bombardier Raymond James cuts target to C$4.50 from C$5.50; market perform
Bombardier Sterne Agee cuts to underperfoprm from neutral
Bombardier Canaccord Genuity cuts to hold from buy; target to C$4.25 from C$6
Capstone Mining Scotia capital raises target to $4.20 from $4.3
Dundee REIT NBF starts with outperform; target C$35.25
Imperial Metals PI Financial raises target price to C$17.50 from C$14.20
New Gold NBF cuts target price to C$7.70 from C$8; rating outperform
New Gold Scotia Capital cuts target to $7.00 from $7.50
Nexj Systems Canaccord Genuity raises target price to C$3 from C$4; rating hold
Oryx Petroleum Corporation RBC target price to C$18 from C$17
Open Text Scotia Capital raises target to US$102 from US$97
Pengrowth Energy NBF raises target to C$7 from C$6.50; rating sectorperform
Pengrowth Energy TD Securities raises to buy from hold; target to C$9 from C$7
Pulse Seismic Paradigm Capital cuts to sell from hold
Saputo Inc CIBC raises target price to C$53 from C$50; rating sector performer
SNC-Lavalin Group BMO cuts to market perform from outperform
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Thursday, January 16, 2014

Upgrades, Downgrades and Target Changes - Jan 16 2014

Company Rating/Target Change
Africa Oil Salman Partners raises target price to C$10 from C$8.70; rating hold
Africa Oil  * Africa Oil :
Alliance Grain Traders (AGT) Scotia Capital raises target to $17.50 from $16.00
Baytex Energy Co Barclays raises to overweight from equal weight
Birchcliff Energy NBF raises target price to C$13 from C$12; rating outperform
Birchcliff Energy RBC raises target to C$9.50 from C$9; rating sector perform
Bonavista Energy Barclays raises target to C$15 from C$13; rating equal weight
Cineplex Inc NBF raises target price to C$50 from C$46; rating outperform
DHX Media (DHX)  Scotia Capital reinstate coverage with Sector Outperformer
Paramount Resources Barclays ups target to C$45 from C$42; rating equal weight
Parex Resources  Canaccord Genuity ups target to C$8.50 from C$8; rating buy
Sirius XM TD ups target price to $11 from $10. rating Buy
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Wednesday, January 15, 2014

Upgrades, Downgrades and Target Changes - Jan 15 2014

Company Rating/Target Change
Ag Growth International Cantor Fitzgerald raises target price to C$48; buy
Alaris Royalty RBC cuts target to C$35 from C$42; rating outperform
Barrick Gold Haywood cuts to hold; raises target price to C$20.50 from C$20
Canexus Corp National Bank Financial cuts target to C$6.50; sector perform
Canexus Corp CIBC cuts to sector performer; target price to C$7.50 from C$9
Cervus Equipment Cantor Fitzgerald raises target to C$26 from C$24; rating buy
Cogeco  TD Securities raises target to C$78 from C$72; rating action list buy
Cogeco Cable CIBC raises to sector outperformer; target price to C$56 from C$53
Cogeco Cable TD Securities raises target to C$74 from C$70; rating buy
Corus Entertainment  Canaccord Genuity raises target to C$23.50; hold
Denison Mines TD Securities raises target to C$1.50 from C$1.20; rating hold
Finning International Cantor Fitzgerald raises target to C$31.50; rating buy
First Majestic Silver TD Securities cuts target to C$15.50 from C$17.50; buy
IGM Financial RBC raises target to C$62 from C$56; rating outperform
Ithaca Energy RBC cuts target to C$3.40 from C$3.50; rating outperform
Polaris Minerals Paradigm raises target to C$3 from C$2.40; rating buy
Power Corporation of Canada RBC starts with outperform; price target of C$35
Power Financial RBC starts with outperform; price target of C$39
Ritchie Bros. Auctioneers Cantor Fitzgerald cuts to sell from hold
Rocky Mountain Dealerships Cantor Fitzgerald raises to buy; target to C$14.25
Shaw Communications BofA Merrill cuts to neutral rating
Tahoe Resources Canaccord Genuity raises target to C$24.50 from C$24; buy
Taseko Mines PI Financial cuts to neutral; target to C$2.50 from C$3.60
Toromont Industries Cantor Fitzgerald raises target to C$27.75; rating hold
Wajax Corp Cantor Fitzgerald raises target to C$38 from C$35; rating hold
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Tuesday, January 14, 2014

Upgrades, Downgrades and Target Changes - Jan 14 2014

Company Rating/Target Change
Amica Mature Lifestyles Canaccord Genuity cuts target to C$9.60 from C$10; buy
Argent Energy Trust CIBC cuts target to C$9.50 from C$11; sector outperformer
Aurora Oil & Gas CIBC cuts target to C$3.85 from C$4.25; sector outperformer
Bellatrix Exploration CIBC ups target to C$11 from C$10; sector outperformer
BCE TD ups target to C$48 from C$46
Birchcliff Energy CIBC raises to sector outperformer
Canadian Natural Resources SocGen raises target to $42 from $37; rating buy
Crew Energy CIBC ups target to C$7.75 from C$7.50; rating sector performer
Eagle Energy Trust CIBC ups target to C$9.25 from C$9; sector performer
Legacy Oil + Gas CIBC price target to C$7.50 from C$9
Painted Pony Petroleum CIBC cuts target to C$8.50 from C$9; sector performer
Raging River Exploration  CIBC ups target to C$8.25 from C$7
Rogers Comm. TD ups target to C$55 from C$51
Telus TD ups target to C$45 from C$42
Torc Oil & Gas CIBC ups target to C$13.50 from C$12.75; sector outperform
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Monday, January 13, 2014

Upgrades, Downgrades and Target Changes - Jan 13 2014

Company Rating/Target Change
Agnico Eagle Mines Canaccord Genuity raises target price to C$33.50 from C$32
Agrium Inc CIBC raises price target to $112 from $109; sector outperformer
Air Canada Canaccord Genuity raises target to C$12 from C$7.50; rating buy
Alliance Grain CIBC raises price target to C$20 from C$16; sector performer
Augusta Resource CIBC cuts price target to C$4.75 from C$5; sector outperformer
Barrick Gold Canaccord Genuity cuts price target to C$17.50 from C$20
Baylin Technologies Paradigm Capital starts with buy rating; target of C$13
Blackberry Oppenheimer cuts to underperform from perform
Canadian Natural Resources Barclays raises target to C$44 from C$40; overweight
Capstone Mining CIBC raises price target to C$4 from C$3.75; sector outperformer
Cervus Equipment Raymond James raises target to C$26 from C$23.50; outperform
Eldorado Gold Canaccord Genuity cuts price target to C$7.25 from C$8; hold
Finning International Raymond James cuts to outperform from strong buy
First Quantum Minerals CIBC raises target price to C$23.50 from C$22
Gluskin Sheff Canaccord Genuity raises target price to C$29.75 from C$24.50; buy
Goldcorp Canaccord Genuity cuts price target to C$31.50 from C$34.50; rating buy
IAMGOLD Corp Canaccord Genuity cuts price target to C$5 from C$6
Kinross Gold Canaccord Genuity cuts price target to C$5.50 from C$5.75; hold
Lundin Mining CIBC ups price target to C$5 from C$4.50; rating sector performer
Parex Resources  RBC raises target price to C$12 from C$11; rating outperform
Silver Wheaton Canaccord Genuity cuts price target to C$27.50 from C$30; buy
Tahoe Resources Canaccord Genuity cuts target price to C$24 from C$27; buy
Toromont Industries Raymond James cuts to market perform from outperform
Uni-Select Inc RBC raises target price to C$35 from C$30; rating outperform
Yamana Gold  Canaccord Genuity cuts target price to C$11.50 from C$12.50; buy
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Dividend Increase Announced in Jan 2014

Company Ticker Announced Date Change New Dividend Next Record Date Frequence Type
Canadian Utilies CU 01/09/2014 10% 0.2667 02/06/2014 Quarterly
ATCO Ltd. ACO.X 01/09/2014 15% 0.2156 03/14/2014 Quarterly
Surge Energy SGY 01/13/2014 4% 0.045 01/30/2014 Monthly
Corus Entertainment CJR.B 01/14/2014 6.6% 0.0908 02/14/2014 Monthly
Shaw Communications SJR.B 01/14/23014 8% 0.275 03/28/2014 Quarterly
Pizza Pizza Royalty PZA 01/16/2014 2.6% 0.0667 01/31/2014 Monthly
MTY Food MTY` 01/22/2014 21% 0.085 02/04/2014 Quarterly
Metro MRU 01/28/2014 20% 0.30 02/13/2014 Quarterly
Exco Tech XTC 01/29/2014 11% 0.05 03/14/2014 Quarterly
CN Rail CN 01/30/2014 16% 0.25 03/10/2014 Quarterly
Richelieu Hardware RCH 01/31/2014 7.7% 0.14 02/06/2014 Quarterly
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Friday, January 10, 2014

Upgrades, Downgrades and Target Changes - Jan 10 2014

Company Rating/Target Change
Argent Energy Trust BMO starts with market perform; target price of C$9
Blackberry RBC raises to sector perform from underperform
Canadian Natural Resources Raymond James cuts target to C$37.50 from C$38
Canadian Natural Resources BMO raises target price to C$40 from C$36
Cogeco Cable RBC raises target price to C$56 from C$55; rating outperform
COM DEV Canaccord Genuity cuts target price to C$4.75 from C$5; rating buy
COM DEV CIBC raises target to C$5 from C$4.75; rating sector outperformer
Gluskin Sheff + Associates CIBC ups target to C$24 from C$22; sector performer
Gluskin Sheff + Associates RBC ups target to C$32 from C$28; rating outperform
Gluskin Sheff + Associates GMP Securities ups target to C$25 from C$23.50; hold
Gildan Activewear  Desjardins raises target price to C$64 from C$56; rating buy
Jean Coutu CIBC ups target to C$19.50 from C$18; rating sector performer
Jean Coutu  Desjardins raises target price to C$19 from C$18.50; rating hold
Nordion CIBC raises target to C$10.25 from C$9.25; rating sector performer
Nordion Paradigm Capital raises target price to C$10 from C$9; rating hold
Parex Resources  Haywood raises price target by C$1 to C$9; rating buy
Postmedia Network Canada RBC ups target to C$1.25 from C$0.75; underperform
Parex Resources Paradigm Capital ups target to C$10.25 from C$9.75; rating buy
Sandvine Corp Canaccord Genuity raises target to C$3.70 from C$3.50; rating buy
Sandvine Corp CIBC raises target to C$4.50 from C$3; rating sector outperformer
Sandvine Corp RBC raises target to C$3.25 from C$3; rating speculative buy
Shawcor RBC cuts target price to C$42 from C$44; rating sector perform
Taseko Mines Paradigm cuts target price to C$4.25 from C$5; rating buy
Vicwest CIBC cuts price target to C$13 from C$15
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Wednesday, January 8, 2014

Upgrades, Downgrades and Target Changes - Jan 08 2014

Company Rating/Target Change
Cervus Equipment  CIBC raises target price to C$25 from C$24; sector performer
Colabor Group NBF cuts to sector perform from outperform
Emera Inc NBF resumes with sector perform; target price C$34
Lake Shore Gold NBF raises target to C$0.80 from C$0.70; rating outperform
Lake Shore Gold CIBC raises to sector performer from sector underperformer
Partners REIT NBF resumes with sector perform; target price C$6
Rocky Mountain Dealerships CIBC raises target price to C$15.50 from C$13
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Tuesday, January 7, 2014

Upgrades, Downgrades and Target Changes - Jan 07 2014

Company Rating/Target Change
Arc Resources Canaccord Genuity raises target to C$33 from C$31; rating hold
Athabasca Oil Canaccord Genuity cuts target to C$8.50 from C$9.50; rating hold
Alaris Loyalty NBF raises rating to outperform from sector perform.
Baytex Energy Canaccord Genuity raises target to c$53 from c$51; rating buy
Calfrac Well Services Canaccord Genuity starts with hold; price target C$36
Canadian Natural Resources Canaccord Genuity raises target to C$45 from C$42; rating buy
Canam Group RBC raises target price to C$16 from C$13; rating outperform
Canfor RBC raises to outperform from sector perform; target to C$13 from C$11
Canyon Services Group Canaccord Genuity starts with hold; price target
Cenovus Energy Canaccord Genuity raises target to C$39 from C$37; rating buy
Crew Energy Canaccord Genuity raises target to C$10.50 from C$9.50; rating buy
Essential Energy Services Canaccord Genuity starts with buy; price target C$3
Hudbay Minerals Canaccord Genuity raises target price to C$19 from C$17
Husky Energy Canaccord Genuity raises target to C$35 from C$34; rating hold
Imperial Oil Canaccord Genuity raises target to C$48 from C$46; rating hold
Norbord RBC cuts target price to $30from $35
MEG Energy Canaccord Genuity raises target price to C$48 fromC$46; rating buy
Paramount Resources Canaccord Genuity ups target to C$47 from C$42; rating buy
Pengrowth Canaccord Genuity raises target to C$8.50 from C$7.50; rating buy
Pulse Seismic Cantor cuts to hold from buy; raises price target to C$5 from C$4
Raging River Exploration Canaccord Genuity ups target to C$7.50 from C$7; buy
Suncor Energy Canaccord Genuity raises target to C$50 from C$46; rating buy
Total Energy Services Canaccord Genuity starts with buy; price target C$24
Tourmaline Oil RBC raises target price to C$55 from C$52; rating outperform
Tourmaline Oil Raymond James ups target to C$52 from C$50; rating outperform
Trican Well Service Canaccord Genuity starts with hold; price target C$15
Whitecap Resources Raymond James ups target to C$13.75 from C$13; strong buy
Whitecap Resources Canaccord ups target to C$14.50 from C$14; rating buy
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