The Globe and Mail reports in its Tuesday, Nov. 21, edition that Scotia Capital analyst Ben Isaacson continues to rate Chemtrade Logistics Income Fund "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Isaacson gave his unit target a 50-cent haircut to $9.50. Analysts on average target the units at $11.86. Mr. Isaacson says he is struggling to build a "convincing case" for Chemtrade Logistics to outperform in the near term. Mr. Isaacson says in a note: "Chemtrade could get caught in its ability to fund its growth narrative vs. avoiding the impact of rising leverage on the value of its equity. ... Based on '24 Street EBITDA of $410-million, and assuming no change to net debt, leverage should deteriorate to 2.2 times -- but even that alone isn't a concern. If we extrapolate, Chemtrade could get caught in its ability to fund its growth narrative vs. avoiding the impact of rising leverage on the value of its equity. As a reminder, the Casa Grande JV is on hold until returns improve (via CHIPS Act?). Beyond the Q1 start of the ultra-pure expansion in Cairo, as well as some initiatives in water solutions, we don't see what catalysts in '24 that will propel the stock forward."