The Globe and Mail reports in its Wednesday, Nov. 15, edition that Canaccord Genuity analyst Robert Young has lowered his recommendation for Enthusiast Gaming Holdings to "speculative buy" from "buy." The Globe's David Leeder writes that Mr. Young slashed his share target to $1.50 from $3. Analysts on average target the shares at $2.61. Mr. Young says in a note: Management remains very bullish on the company's pipeline and customer activity, particularly repeat business. Q3 did see a seasonal uptick but weaker than our model, particularly in light of a large deal which it had pushed from Q2. Enthusiast named Felicia DellaFortuna as the new CFO, a last piece of a revamped management team emphasizing digital experience, joining from BuzzFeed effective Nov. 14. Alex Macdonald, who will be transitioning to a strategic advisory role within the company, remains to oversee a smooth handoff. We remain confident on the business model and remain impressed by the quality of customers and high repeat business, but we also remain wary on the balance sheet and near term macro headwinds which have persisted." The Globe reported on Nov. 16, 2022, that Mr. Young rated Enthusiast "buy." It was then worth 89 cents.