The Globe and Mail reports in its Friday edition that Scotia Capital's Orest Wowkodaw still rates Champion Iron "sector perform." The Globe's David Leeder writes that Mr. Wowkodaw gave his share target a 25-cent trim to $6.50. Analysts on average target the shares at $7.75. Mr. Wowkodaw says in a note: "We have fine-tuned our Champion Iron estimates ahead of Q3/F25 results scheduled for release on Jan. 29. Although we have made no changes to our forecast Fe sales volumes, we have reduced our near-term realized price expectations. Overall, we anticipate a relatively weak operating quarter from Champion Iron due to the previously disclosed train loader breakage, which suspended Bloom Lake Fe shipments for a full two weeks. Given our lower estimates, we view the update as a modest negative for the shares. We rate Champion Iron shares 'sector perform' based on a fairly balanced risk reward outlook and our expectation of weaker Fe prices ahead (we remain concerned by the health of the Chinese steel complex and the impact of material new high-grade Fe supply growth on the horizon)." The Globe reported on July 16 and Jan. 7 that Mr. Wowkodaw rated Champion Iron "sector perform." It was then worth $5.85 and $5.05.