The Globe and Mail reports in its Friday, Aug. 8, edition that Raymond James analyst Stephen Boland lowered his recommendation for ECN Capital to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Boland continues to target the shares at $3.25. Analysts on average target the shares at $3.50. Mr. Boland says in a note: "ECN Capital reported its 2Q25 results on Aug. 7, with EPS of four cents in-line with RJL and consensus. As expected, a marked improvement in originations at Triad (setting a record this quarter) was offset by another seasonally slow quarter for the RV/marine division as the industry continues to grapple through a period of tapered demand for boats and recreational vehicles. Reflecting the weakness in RV/Marine, ECN tightened their annual EPS guidance range to 18 cents to 23 cents from 19 cents to 25 cents previously. We'd note that guidance still implies a considerable improvement in operating results in the second half of the year, though management does expect a notable uplift in RV/marine originations following a strong June/July season. Triad is also expected to benefit from ongoing operational initiatives (a new co-CEO was hired this quarter)."