The Globe and Mail reports in its Thursday edition that Industrial Alliance Securities analyst Neil Linsdell has cut Amaya Gaming Group ($6.45) to "buy" from "strong buy." The Globe's Darcy Keith and Tim Shufelt write in the Eye On Equities column that Mr. Linsdell cut his target to $8.50 from $10.25. Canaccord Genuity reduced its target to $8.75 from $10 and kept a "buy" rating. Euro Pacific Canada cut its target to $9.30 from $10.30 and maintained a "buy" rating. Amaya's fourth quarter results failed to impress analysts. Its revenue in the fourth quarter came in at $39-million, below the consensus estimate of $46.6-million. Adjusted earnings before interest, taxes, depreciation and amortization was $15.4-million, also well below the Street forecast of $18.9-million. Industrial Alliance Securities analyst Neil Linsdell says, "Amaya will be a 'show me' story for the next couple of quarters as we also wait to see how much traction the company can show with the ramp-up in business in New Jersey, with Diamond Game, and with the continuation of the refurbished unit program in Latin America." Canaccord Genuity analyst Robert Young says Amaya "could be viewed as an attractive acquisition in a consolidating industry."