Upgrades, Downgrades and Target Changes - May 27 2014

Company	Rating/Target Change
Absolute Software	TD Securities raises to action list buy from buy rating
Africa Oil Corp	Credit Suisse cuts target to C$11 from C$11.50;rating outperf
Altius Minerals Corp	Raymond James starts with outperform; target of C$19.50
Augusta Resource	Canaccord Genuity cuts target to C$3.50 from C$4;speculative buy
Augusta Resource	National Bank Financial cuts target to C$4.10 from C$4.40
Bank Of Nova Scotia	Barclays raises target tO C$72 from C$69; equal weight
Bank Of Nova Scotia	TD Securities raises price target to C$75 from C$74
Birchcliff Energy	Raymond James resumes coverage with outperform; target C$17.50
Black Diamond Group	Acumen Capital raises target to C$37 from C$34; rating buy
Canacol Energy Ltd	Mackie research cuts target to C$10.75 from C$11; rating buy
First Quantum Minerals	CIBC raises price target to C$28 from C$25
Hudbay Minerals Inc	CIBC cuts to sector performer from sector outperformer
Lightstream Resources	NBF raises price target to C$7.25 from C$7; sector perform
Rock Energy Inc	Octagon Capital starts with buy; target C$9.50
Saputo	BMO raises target price to C$66 from C$57; rating outperform
Sherritt International	CIBC raises price target to c$6.50 from c$5
Transcontinental Inc	RBC cuts to sector perform from outperform
Transforce	Cowen and Co starts with outperform; price target of C$26
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