The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Kevin Krishnaratne continues to rate Altus Group "sector perform." The Globe's David Leeder writes that Mr. Krishnaratne slashed his share target by $10 to $59. Analysts on average target the shares at $62.67. Mr. Krishnaratne says in a note: "Altus reported a weaker-than-expected Q1 in its Altus analytics business as recurring revenue was flat quarter-over-quarter, but more importantly bookings were down 24 per cent year-over-year as the March banking crisis put purchase decisions within VMS on pause. While this dynamic is expected to be just a temporary pause, with interest and engagement with clients remaining high, we think better results may only start to be realized in 2H. Following the 15-per-cent sell-off, we think the stock could trade sideways until there is greater visibility on a bookings rebound. While our estimates for AA move lower, they still contemplate solid recurring revenue growth in the mid-teen range, with the company's flagship ARGUS product performing well." The Globe reported on Sept. 27 and Nov. 12 that Mr. Krishnaratne continued to rate the shares "sector perform." The shares were then worth $45.72 and $52.35.