Upgrades, Downgrades and Target Changes - Feb 19 2014

Company	Rating/Target Change
Bank of Montreal	CIBC raises target price to C$78 from C$77
Bank of Montreal	Scotia initials coverage, target price $77
Bank of Nova Scotia	Scotia initials coverage, target price $71
CIBC	Scotia initials coverage, target price $98
CIBC	Barclays raises price target to C$89 from C$86; rating underweight
Canadian Western Bank	Scotia initials coverage, target price $41
Crew Energy	TD raises target to $11 from $9
Crew Energy	Scotia raises target to $9 from $8
Keyera Corp	CIBC raises target to C$69 from C$68; rating sector outperformer
Laurentian Bank	Scotia initials coverage, target price $48
National Bank	Scotia initials coverage, target price $48
Nevsun Resources	CIBC raises target price to C$5 from C$4.50
Osisko Mining	NBF raises price target to C$7 from C$6.50; rating sectorperform
Osisko Mining	TD raises target to $7.25 from $7
Precision Drilling	Cowen raises target to $12 from $11.50; rating outperform
RBC	Barclays raises price target to $70 from $69; rating equal weight
RBC	Scotia initials coverage, target price $81
Rona	Canaccord Genuity cuts target price to C$11 from C$11.50; rating hold
Rona	NBF cuts price target to C$12.50 from C$13; rating sectorperform
Semafo	NBF raises price target to C$4.80 from C$4; rating outperform
TD Bank	Scotia initials coverage, target price $56
TD Bank	Barclays raises price target to C$50 from C$48; rating equal weight
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