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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