Upgrades, Downgrades and Target Changes - Aug 20 2014

Company	Rating/Target Change
Alimentation Couche-Tard	Canaccord Genuity raises target to C$36 from C$33
Bank of Montreal	Scotia raises target to $85 from $81
Bank of Nova Scotia	Scotia bank raises targt to $79 from $78
CIBC	Scotia bank raises target to $114 from $106
Canadian Western Bank	Scotia raises target to $43 from $40
Inovalis REIT	National Bank Financial cuts target price to C$10.75 from C$11
Input Capital Corp	Canaccord Genuity raises target price to C$3.50 from C$3; buy
Laurentian Bank of Canada	Scotia raises target to $54 from $52
National Bank of Canada	Scotia raises target to $52 from $49
Kinaxi Inc	TD initiates coveraget with Buyy rating, target price $22
Painted Pony Petroleum	Scotia raises target to $16 from $15.5
Painted Pony Petroleum	Canaccord Genuity raises target price to C$22 from C$20
Royal Bank of Canada	Scotia raises target to $87 from $82
RoxGold	Canaccord Genuity raises target to C$1.20 from C$1.05; speculative buy
TD Bank	Scotia raises target to $61 from $59
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