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Menu Foods Income Fund (TSE MEW.UN)      Updated: Mar 30, 2007

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Aleem Isreal ....... Sprott Securities……. Mar 26, 2007

Downgraded to REDUCE from BUY

MEW.UN Price day before: $5.10 Finish day of posting:$4.30Current:$4.05

------Mar 19, 2007--------

Maintained BUY

Price Target reduced to $7.75 from $9.00

MEW.UN Price day before: $5.50 Finish day of posting:$4.15Current:$4.05

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Mary McKee ....... CIBC World Markets……. Mar 21, 2007

Downgraded to UNDERPERFORM from SECTOR PERFORM

Price Target reduced to $3.50 from $7.00

MEW.UN Price day before: $3.90 Finish day of posting:$5.10Current:$4.05

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Carolyn Dennis ....... National Bank Financial……. Mar 19, 2007

Downgraded to UNDERPERFORM from SECTOR PERFORM

Price Target reduced to $4.00 from $7.50

MEW.UN Price day before: $5.50 Finish day of posting:$4.15Current:$4.05

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Robert SilgardoDundee Securities…. Mar 16, 2007

Downgraded to UNDERPERFORM from NEUTRAL

MEW.UN Price day before: $7.40 Finish day of posting:$5.50Current:$4.05

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Paul D'Amico ....... National Bank Financial……. Mar 22, 2004

New SECTOR PERFORM

Price Target $12.75 (Hit Target Apr 29, 2005)

MEW.UN Price day before: $15.72 Finish day of posting:$15.90Current:$4.05

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Michelle Robitaille ....... National Bank Financial……. May 20, 2003

New SECTOR PERFORM

Price Target $14.40 (Hit Target July 14, 2003)

MEW.UN Price day before: $14.15 Finish day of posting:13.75Current:$4.05

                                     

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