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A worker on an Athabasca Oil Corp. oil rig.
A worker on an Athabasca Oil Corp. oil rig.
(Handout/Athabasca Oil Corporation)

Monday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

Raymond James analyst Chris Cox downgraded Athabasca Oil Corp. to "market perform" from "outperform" as uncertainty continues to swirl over the fate of its Dover oil-sands project. He also cut his price target to $7.50 (Canadian) from $10.50. Shares in the company plunged 7 per cent in early trading.