Upgrades, Downgrades and Target Changes - Mar 28 2014

Company	Rating/Target Change
Africa Oil Corp	Canaccord Genuity raises to speculative buy from hold
Africa Oil Corp	Scotia cuts target to $13 from $14
Africa Oil Corp	Credit Suisse cuts target price to C$11.50 from C$13; outperform
Agnico Eagle Mines	Canaccord Genuity raises to buy from hold
Calfrac Well Services	Canaccord Genuity raises target to C$44 from C$42; buy
Canelson Drilling	Canaccord Genuity raises target to C$9.25 from C$8.25; buy
Canyon Services	Canaccord Genuity raises target to C$16.50 from C$16; rating buy
Kinross Gold	Goldman Sachs raises to neutral from sell
McCoy Corp	Canaccord Genuity raises target price to C$7.25 from C$7; rating buy
Sprott Inc	Canaccord Genuity raises target price to C$3.50 from C$3; rating hold
Sprott Inc	CIBC raises target price to C$2.50 from C$2.25
Sprott Inc	RBC raises target price to C$3.50 from C$3; rating sector perform
Sprott Inc	TD Securities raises price target to C$4 from C$3.25; rating hold
Sprott Inc	BMO raises target price to C$3.50 from C$3.25; rating market perform
Sprott Inc	Scotia raises target price to C$3.25 from C$3
Strongco	Raymond James cuts target to C$4.50 from C$5; rating market perform
Strongco	Desjardins cuts target price to C$5 from C$5.50; rating hold
Total Energy Services	Canaccord Genuity raises target to C$26 from C$24; buy
Trican Well Service	Canaccord Genuity raises target to C$15.50 from C$15; hold
Trinidad Drilling	Canaccord Genuity raises target to C$15 from C$13.50; buy
Valeant Pharmaceuticals	Cantor starts with buy rating
Western Energy Services	Canaccord Genuity raises target to C$12 from C$11; buy
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