The Globe and Mail reports in its Thursday, Nov. 9, edition that Raymond James analyst Stephen Boland has reaffirmed his "market perform" recommendation for Chesswood Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Boland cut his share target back by $1.50 to $6.50. Analysts on average target the shares at $7.25. Mr. Boland says in a note: "While the Wafra partnership and growth in asset management revenues were notable positives this quarter, the U.S. segment remains challenged. Recent cost-cutting initiatives are helping to contain losses, but delinquencies are still on the rise. We prefer to wait for more signs of U.S. credit conditions stabilizing before becoming more constructive on the stock. We are lowering our estimates as we expect the credit issues in the U.S. to persist longer than previously anticipated." The Globe reported on May 12 that Mr. Boland had lowered his recommendation for Chesswood Group to "market perform" from "outperform." The shares could then be had for $8.41.