The Globe and Mail reports in its Friday, Oct. 31, edition that Raymond James downgraded Horizon North Logistics ($3.24) to "market perform" from "outperform" and cut its price target to $3.75 from $6.50. The Globe's Jody White, Tim Shufelt and Darcy Keith write in the Eye On Equities column that AltaCorp Capital Research downgraded its rating to "sector perform" from "outperform" and also slashed its price target, to $3.50 from $6.50. The Globe's Michael Bowman recommended buying Horizon North Logistics in the Number Cruncher column on Dec. 11, 2013. The shares could then be had for $9.50. Raymond James analyst Andrew Bradford cut his target to $7 from $8.50 while reiterating an "outperform" rating in the Eye column on Sept. 20, 2014. The shares were then going for $5.41. TD Securities analyst Scott Treadwell downgraded Horizon North Logistics to "hold" from "buy" and cut his price target by a dollar to $5 in the Eye column on Oct. 30, 2014. The shares could then be had for $3.31.