The Globe and Mail reports in its Tuesday edition that Credit Suisse analyst Joo Ho Kim has reaffirmed his "neutral" recommendation on Canadian Western Bank. The Globe's David Leeder writes that Mr. Kim trimmed his share target back by a loonie to $25. Analysts on average target the shares at $29.93. Mr. Kim says the second quarter report from Canadian Western Bank highlighted "many persistent challenges that have pressured the bank's results for some time." Mr. Kim says in a note: "These include another quarter with disappointing margin performance (despite some one-time items), and while funding pressure seems to be easing, we maintain our caution on this metric. Expenses also missed our estimate, though the bank remains focused on driving this down in the near term. Canadian Western Bank also saw new formations from CRE (some from the office segment), which will remain a key area of focus particularly given its relative exposure. ... In terms of our outlook, we do layer in some conservatism in our numbers (namely on expenses), with our core EPS forecast for F2023 positioned at the low end of the guidance range, while our F2024 also implies a modest growth in what could be another tough year for the sector."