Upgrades, Downgrades and Target Changes - Jun 04 2014

Company	Rating/Target Change
B2Gold Corp	PI Financial cuts price target to C$3.90 from C$4.40; rating buy
Canaccord Genuity	RBC raises price target to C$13 from C$12; rating outperfor
Canaccord Genuity	Scotia raises target to $14 from $13
Canadian Pacific Railway	BMO raises target price to C$205 from C$180
Canexus	National Bank Financial resumes coverage with underperform;target C$4
Cequence Energy	Paradigm cuts target price to C$3.50 from C$3.75; rating buy
Enerflex Ltd	Raymond James raises target price to C$20 from C$19; outperform
Lundin Mining	National Bank Financial raises target price to C$6.25 from C$5.75
Maple Leaf Foods	TD Securities raises target price to C$23 from C$21; rating buy
Osisko Gold Royalties	RBC starts with outperform rating; price target C$18
SNC-Lavalin Group	Canaccord Genuity cuts target price to C$60 from C$63; buy
Surge Energy	Paradigm cuts target price to C$7.75 from C$8.25; rating buy
Torc Oil & Gas	Paradigm raises target price to C$17 from C$16; rating buy
Tourmaline Oil	BMO starts with outperform rating; price target C$65
Transforce	Cowen and Company raises target price to C$29 from C$26; outperform
Twin Butte Energy	Paradigm cuts target price to C$2.50 from C$2.75; rating buy
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