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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