The Globe and Mail reports in its Friday, March 28, edition that RBC Dominion Securities analyst Paul Treiber has lowered his recommendation for Enghouse Systems to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber slashed his share target by $5 to $33. Analysts on average target the shares at $31.67. Mr. Treiber says in a note: "Enghouse is trading 57 per cent below peers and 42 per cent below its 10-year average, as Enghouse's capital deployed on acquisitions has been below expectations and organic growth has been negative. In light of Enghouse's gap to peers on expected adjusted EPS, FCF/share, organic growth, and capital deployed on acquisitions, we believe that Enghouse's shares are likely to continue to trade toward the low-end of its historical range and below peers. In light of Enghouse's current valuation below peers and at the trough of its historical range, the current dividend (4.4-per-cent yield), and low investor expectations for near-term growth, we believe downside for the shares is limited. However, pending materially increased capital deployed on acquisitions, we believe the shares are likely to remain range-bound."