The Globe and Mail reports in its Thursday, April 3, edition that Raymond James analyst Brian MacArthur has reaffirmed his "outperform" ranking for Champion Iron. The Globe's David Leeder writes in the Eye On Equities column that Mr. MacArthur gave his share target a 50-cent trim to $7.50. Analysts on average target the shares at $7.41. Mr. MacArthur says in a note: "We believe Champion offers investors good exposure to premium iron ore through its Bloom Lake asset, which is a long-life, lower-cost asset producing, high-grade iron ore concentrate (66-per-cent Fe) located in Quebec, Canada, a lower-risk jurisdiction. In addition, we believe Champion has growth through Bloom Lake Phase 2 and the potential to upgrade/pelletize some production. Given Champion's exposure to premium iron ore (which we believe should trade at a premium given structural changes in the iron ore industry), high-quality asset, growth potential and low jurisdictional risk, we rate the shares 'outperform.'" The Globe reported on Nov. 1 that Canaccord Genuity had upgraded Champion Iron to "buy" from "hold." The shares could then be had for $5.61. The Globe reported on Jan. 3 that Mr. MacArthur rated Champion "outperform." It was then worth $5.31.