Upgrades, Downgrades and Target Changes - Jul 14 2014

Company	Rating/Target Change
Alacer Gold Corp	Raymond James raises target price to C$3.75 from C$3.50
Asanko Gold Inc	Raymond James raises target price to C$4 from C$3.75
Athabasca Oil Corp	Canaccord Genuity raises to buy from hold
Canadian Energy Services & Technology	RBC raises target to C$36 from C$34; sector perform
Canadian Energy Services & Technology	Scotia ups target to $42 from $40
Cequence Energy Ltd	TD Securities cuts target price to C$3.25 from C$3.50; hold
Canadian National Railway	FirstEnergy Capital ups target to C$70; market perform
Detour Gold Corp	Raymond James raises target price to C$18 from C$16
DHX Media Ltd	RBC raises target price to C$7.50 from C$6.50; rating ouperform
Dorel Industries	Canaccord Genuity starts with buy; target price C$50
Endeavour Silver	Raymond James raises target to C$6 from C$5.50; market perform
HudBay Minerals Inc	Raymond James raises target price to C$11 from C$9.50
Inter Pipeline	FirstEnergy Capital ups target to C$33 from C$30; market perform
Kinaxis	Canaccord Genuity starts with C$19 target price
Kinaxis	RBC starts with outperform rating; C$19 target price
Kinaxis	BMO starts with outperform rating; target price C$18
Lundin Mining Corp	Raymond James raises target price to C$7.50 from C$6.75
Painted Pony Petroleum	TD Securities raises target to C$18.50 from C$17.00; buy
Paramount Resources	Raymond James raises target to C$82.50 from C$69; strong buy
Parex Resources	Canaccord Genuity raises target price to C$14.50; rating hold
Parex Resources	TD Securities raises target price to C$16.50 from C$14; hold
Sandstorm Gold Ltd	Raymond James raises target price to C$8 from C$7
SEMAFO Inc	Raymond James raises target price to C$5 from C$4.75
Shawcor Ltd	National Bank Financial starts with outperform; price target C$70
Tahoe Resources	Raymond James raises target to C$27.50 from C$27; market perform
Thomson Reuters	Barclays raises price target to $40 from $38; rating equal weight
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