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The Investors Centre - Upgrades/Downgrades: November 16, 2000
Name
Previous
New Recommendation
Target
Who
Anderson Exploration (AXL:TSE) (maintained) Strong buy C $42 CIBC World Markets
  (maintained) Strong buy C $42 Scotia Capital
  (maintained) Buy C $40 TD Securities
Aur Resources (AUR:TSE) Hold Buy C $3 UBS Bunting Warburg
Baytex Energy Ltd (BTE:TSE) (reiterated) Strong buy C $21 RBC Dominion Securities
  (maintained) Buy C $18 Sprott Securities
Biochem Pharma (BCH:TSE) (maintained) Outperform C $44 RBC Dominion Securities
  (maintained) Avoid C $25 Dundee Securities
  Buy Hold C $40 National Bank Financial
  (maintained) Hold C $38 Research Capital
Canadian 88 Energy (EEE:TSE) (maintained) Reduce C $4 GMP
Com Dev International (CDV:TSE) n/a Strong buy C $26 Sprott Securities
Cypress Energy (CYZ.A:TSE) (reiterated) Buy C $13 Canaccord Capital
  (maintained) Buy C $11.50 TD Securities
Falconbridge (FL:TSE) (reiterated) Buy C $25 Dundee Securities
George Weston Ltd. (WN:TSE) Hold Buy C $90 CIBC World Markets
Loblaw Companies (L:TSE) (reiterated) Outperform C $60 RBC Dominion Securities
  (maintained) Outperform C $60 BMO Nesbitt Burns
Magna International (MGA:TSE) (maintained) Buy US $57 TD Securities
  Buy Market perform n/a J.P. Morgan
Nortel Networks (NT:TSE) (reiterated) Buy n/a Gerard Klauer Mattison & Co.
Penn West Petroleum (PWT:TSE) (maintained) Buy C $50 UBS Bunting Warburg
  (reiterated) Buy C $59 Canaccord Capital
  (reiterated) Outperform C $44 BMO Nesbitt Burns
  (maintained) Near/Long term buy n/a Merrill Lynch
QLT Inc. (QLT:TSE) (reiterated) Strong buy US $100 CIBC World Markets
RioCan REIT (REI.UN:TSE) (maintained) Buy C $10 Scotia Capital
Sears Canada (SCC:TSE) (maintained) Market perform $30 BMO Nesbitt Burns
Toronto Dominion Bank (TD:TSE) n/a Strong buy C $57 Scotia Capital
TD Waterhouse (TWE:TSE) (maintained) Neutral US $20 RBC Dominion Securities
US Companies
Bank of America (BAC) Buy Market perform n/a JP Morgan
BroadVision (BVSN) Neutral Outperform n/a Robinson Humphrey
DaimlerChrysler (DCX) Market outperform Market perform n/a Goldman Sachs
PMC Sierra (PMCS) Near term buy Near term accumulate n/a Merrill Lynch
TD Waterhouse (TWE) Strong buy Outperform n/a Morgan Stanley Dean Witter

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