Upgrades, Downgrades and Target Changes - Aug 26 2014

Company	Rating/Target Change
Cardinal Energy	Scotia intiates coverage, target $22.50; sector outperfomer
Enerflex	Raymond James raises target price to C$24.50 from C$22; outperform
First Quantum Minerals	Raymond James raises target to C$28 from C$26; outperform
Liquor Stores	National Bank Financial raises to sector perform from underperform
Nuvista	Raymond James raises target to C$15.25 from C$13.75; rating outperform
Tim Hortons	Canaccord Genuity raises target price to C$86 from C$62; rating hold
Tim Hortons	CIBC raises target price to C$90 from C$79
Tim Hortons	TD Securities raises target price to C$82 from C$70; rating hold
Tim Hortons	Desjardins raises price target to C$85 from C$73
Tim Hortons	Scotia raises target tot $90 from $76, rating sector performer from sector outperformer
Whitecap Resources	Barclays raises price target to C$20 from C$18; overweight
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