Upgrades, Downgrades and Target Changes - Aug 28 2014

Company	Rating/Target Change
Canacol Energy Ltd	TD Securities raises target price to C$12 from C$11.50;raises to action list buy from buy
Canadian Western Bank	RBC raises target price to C$43 from C$40; sector perform
Canadian Western Bank	Credit Suisse raises target to C$47 from C$45; neutral
Fortuna Silver Mines	Scotia raises target to $5.25 from $4.75
Knight Therapeutics	NBF starts with outperform; price target C$6.50
National Bank of Canada	Credit Suisse raises target to C$55 from C$50; neutral
National Bank of Canada	CIBC raises target price to C$54 from C$51;sector performer from sector underperformer
National Bank of Canada	Barclays raises target to C$53 from C$50; equal weight
National Bank of Canada	RBC raises target price to C$53 from C$48; sector perform
National Bank of Canada	Scotia raises target to $53 from $52
National Bank of Canada	TD Securities raises price target to C$52 from C$50; hold
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