Upgrades, Downgrades and Target Changes - Feb 27 2014

Company	Rating/Target Change
5N Plus Inc	LB Securities raises target price to C$4.25 from C$3.25; rating buy
Aimia Inc	TD Securities cuts to hold from buy; target price to C$21 from C$22
Argent Energy Trust	CIBC cuts target price to C$7 from C$9.50;sector performer
Calfrac Well Services	Barclays cuts target to C$42 from C$46; rating overweight
Calfrac Well Services	FirstEnergy raises target to C$43 from C$38; outperform
Calfrac Well Services	BMO raises target to C$39 from C$38; rating outperform
Calfrac Well Services	PI Financial raises price target to C$39 from C$38; buy
Calfrac Well Services	Canaccord Genuity raises target to C$42 from C$36
Calfrac Well Services	Scotia raises target to $40 from $37
Canam Group	National Bank Financial raises target to C$17.50 from C$13.50
Canam Group	RBC raises target price to C$18 from C$16; rating outperform
Cervus Equipment	Raymond James cuts to market perform rating
Conifex Timber	Salman Partners raises target to C$12.75 from C$12; top pick
Contrans Group	Scotia raises target to C$15.50 from C$15
Contrans Group	BMO cuts target to C$14 from C$14.50; rating market perform
Davis + Henderson	BMO raises target to C$31 from C$27.50; rating market perform
Davis + Henderson	National Bank Financial raises target price to C$33 from C$30
Davis + Henderson	TD Securities raises target to C$34 from C$33; rating buy
Davis + Henderson	Scotia raises target to C$31 from C$29
Dundee Industrial	BMO raises target to C$10.40 from C$10; rating outperform
easyhome Ltd	Paradigm Capital raises target to C$22 from C$18.50; rating buy
Essential Energy Services	NBF cuts target price to $3.50 from $3.75; outperform
First Majestic Silver	Cowen raises target to $11.08 from $9.41; market perform
First Majestic Silver	TD Securities cuts to hold from buy
First National Financial	BMO raises target by C$2.50 to C$25; market perform
First National Financial	Scotia raises target to C$27.50 from C$26
First National Financial	TD Securities raises price target to C$30 from C$27
Gran Tierra Energy	Credit Suisse cuts target to $9 from $9.75; rating outperform
Iamgold Corp	Morgan Stanley raises target by $0.25 to $4; rating underweight
Innergex Renewable Energy	Scotia cuts taget to $10.5 from $11
MCAN Mortgage	Acumen Capital raises price target to C$14.40 from C$13.15
Pembina Pipeline	Canaccord Genuity raises target to C$42 from C$40; rating buy
RBC	NBF raises target price to C$77 from C$75; rating outperform
RBC	Scotia cuts target price to C$80 from C$81
Rocky Mountain Dealerships	Raymond James raises target to C$13.50 from C$12.25
Serinus Energy	Canaccord Genuity starts with target price C$4.50
TeraGo Inc	Canaccord Genuity cuts target price to C$7 from C$11; rating buy
TeraGo Inc	CIBC cuts target price to C$6.50 from C$9
TeraGo Inc	TD Securities cuts to hold from buy; target price to C$7 from C$10
Trican Well Service	Barclays cuts price to C$19 from C$20; rating overweight
Trican Well Service	FirstEnergy raises target to $14 from $13; market perform
Trican Well Service	Paradigm Capital cuts target price to C$15 from C$16
Trican Well Service	RBC cuts target price to C$18 from C$20; rating outperform
Trican Well Service	Scotia cuts target price to C$13 from C$14
Westport Innovations	RBC cuts target price to $23 from $27; sector perform
Westport Innovations	Canaccord Genuity cuts target to C$20 from C$28; hold
Yoho Resources	Dundee Capital cuts to neutral from buy; target to C$4 from C$4.10
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