The Globe and Mail reports in its Tuesday edition that Desjardins Securities analyst Frederic Tremblay has reaffirmed his "buy" recommendation for Colabor Group. The Globe's David Leeder writes that Mr. Tremblay gave his share target a 25-cent trim to $1.50. Analysts on average target the shares at $1.81. Mr. Tremblay says he sees "value" in Colabor shares and expects "calmer days ahead." Mr. Tremblay says in a note: "Operationally, we were pleased to learn that Colabor has won a major account, we look forward to a full IT recovery shortly and we remain constructive on the strategic Alimplus acquisition. With support from lenders and its internal cash flow generation, we believe that Colabor should be able to navigate its balance sheet situation." On Friday, shares of the Quebec-based food wholesaler plummeted 13.7 per cent following the release of second quarter results that fell below the Street's expectations, including sales of $169.5-million, a gain of 5.1 per cent year-over-year but below the Street's $176-million forecast. Adjusted earnings before interest, taxes, depreciation and amortization of $5.4-million was also under estimates ($7.9-million) due, in large part, to "less favourable" market conditions.