Upgrades, Downgrades and Target Changes - Jul 16 2014

Company	Rating/Target Change
Alliance Grain Traders	CIBC raises price target to C$21 from C$19.50
Alimentation Couche-Tard	CIBC raises target to C$35 from C$34; sector performer
Argonaut Gold	Canaccord Genuity cuts target price to C$5.50 from C$6; rating buy
Argonaut Gold	Desjardins cuts target price to C$5 from C$5.50; rating buy
Callidus Capital	National Bank Financial raises target price to C$25 from C$22
Gildan Activewear	Credit Suisse raises target to C$75 from C$70; outperform
Gluskin Sheff	National Bank Financial raises to outperform from sector perform
Gluskin Sheff	TD Securities raises target price to C$38 from C$37; rating buy
Intact Financial Corp	TD Securities raises target price to C$75 from C$74; hold
Lightstream	FirstEnergy Capital cuts target to C$7.50 from C$8; market perform
Mercator Minerals	CIBC cuts target to C$0.03 from C$0.10; sector underperformer
Mercator Minerals	LB Securities cuts target price to C$0.05 from C$0.10; hold
Mercator Minerals	Scotia cuts rating to Under Review from Sector Perform
Rogers Communications	Canaccord Genuity raises to hold from sell rating
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