Upgrades, Downgrades and Target Changes - Jul 02 2014

Company	Rating/Target Change
Air Canada	Paradigm raises target price to C$14 from C$9.50; rating buy
Altius Minerals Corporation	Scotia starts with Sector Outperformer. target price of $16
Canadian National Railway	CIBC raises target to C$76 from C$65; sector performer
Canadian National Railway	Canaccord Genuity ups target to C$64 from $62.50; hold
Canadian Pacific Railway	CIBC raises price target to C$225 from C$180
Entrec Corp	Dundee raises price target to C$2; rating buy
Franco-Nevada Corp	RBC raises price target to C$71 from C$64; rating outperform
GuestLogix Inc	Mackie Research starts with speculative buy; target of C$2.10
Héroux-Devtek Inc	Scotia cuts target to $15.50 from $16
Jean Coutu Group Inc	Canaccord Genuity raises target to C$20.50 from C$20; hold
Martinrea International Inc	RBC raises target to C$17 from C$15; outperform
Perpetual Energy Inc	BMO raises target to C$2.75 from C$2
Prairiesky Royalty	CIBC starts with sector outperformer; price target C$43
Prairiesky Royalty	RBC starts with a sector perform rating; price target C$43
Prairiesky Royalty	TD Securities starts with buy; target price of C$45
Prairiesky Royalty	Scotia starts with Sector Perfomer. target $41
Pure Industrial Real Estate	CIBC cut target price to C$5.25 from C$5.50
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