Upgrades, Downgrades and Target Changes - Jun 24 2014

Company	Rating/Target Change
Alliance Grain Traders	Raymond James raises target to C$26 from C$23; outperform
Augusta Resource	Canaccord Genuity cuts to hold from speculative buy
Augusta Resource	National Bank Financial cuts target price to C$3.45 from C$4.10
Augusta Resource	NBF revises to tender from outperform rating
Canacol Energy Ltd	Canaccord Genuity adds to focus list; rating buy
Canadian Pacific Railway	Raymond James ups target to C$220 from C$192; outperform
First Quantum Minerals Ltd	Credit Suisse ups target to C$26 from C$24; outperform
Hudbay Minerals Inc	Paradigm Capital raises target to C$12.25 from C$11; buy
Mosaic Capital	Canaccord Genuity raises target price to C$15 from C$14.25; buy
Painted Pony Petroleum	Canaccord Genuity raises target price to C$22 from C$18
Pason Systems	National Bank Financial starts with outperform; target price C$35
Quebecor Inc	TD Securities raises target to C$35 from C$34; action list buy
Cineplex Inc.	Scotia raises target by $0.25 to $44.25
SNC-Lavalin Group	National Bank Financial raises target price to C$65 from C$60
SNC-Lavalin Group	TD Securities raises to buy from hold;target to C$64 from C$58
Teck Resources	Credit Suisse cuts target to C$28.50 from C$29;rating outperform
Timmins Gold	Dundee Capital raises target price to C$2.25 from C$2; rating buy
Transition Therapeutics	Canaccord Genuity cuts target price to C$11 from C$13.25
TORC Oil & Gas Ltd.	Scotia ups target to $17 from $16
Waterfurnace Renewable Energy	Canaccord Genuity ups target to C$30.60 from C$30
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