The Globe and Mail reports in its Friday, Sept. 19, edition that a wet crop in Western Canada should not be an issue for Alliance Grain Traders ($29.23), says Canaccord Genuity analyst Keith Carpenter. The Globe's Darcy Keith and Jody White write in the Eye On Equities column that Mr. Carpenter says that unlike a similar situation in 2010, a lower than normal average quality crop in 2014 will not harm Alliance Grain Traders' earnings prospects. Mr. Carpenter says the current quality downgrade should not be as severe as it was in 2010 and global inventories are much tighter in 2014. In addition, India is in the midst of its third consecutive production-constrained year and exports have been very strong over the past two years. Mr. Carpenter says: "As a result, we expect the demand-pull market to continue to benefit AGT's business through our forecast period. ... In addition, we expect an imminent announcement on the third line expansion at the Minot food ingredient facility, which we see as a further positive catalyst to the shares of AGT." Mr. Carpenter maintained his "buy" recommendation and raised his target price to $33 from $29. The average Street target, according to Thomson Reuters, is $26.96.