The Globe and Mail reports in its Tuesday, Oct. 23, edition that CIBC World Markets analyst Robert Bek says the downside risks for Corus Entertainment ($4.93) are "more than reflected at current levels." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bek boosted his rating on Corus to "outperformer" from "neutral." Mr. Bek continues to target the Class B shares at $7. Analysts on average target the shares at $5.83. Mr. Bek says in a note: "While we have long viewed the Corus valuation as extremely low, the wall of worry needed to be climbed to see a valuation recovery was too high and required time and events to clear up. Over the past few years, we have witnessed the needed recalibration of forward expectations (adequately reflecting structural risks), regulatory hurdles clarified, a material dividend cut, and the index ramifications applied. While there remains uncertainty with the objectives of the Shaw family and their large stake (including voting control), we believe this is all priced in from here. ... Corus shares are simply too cheap for us to ignore."