The Globe and Mail reports in its Thursday, Aug. 3, edition that RBC Capital Markets analyst Robert Kwan has reaffirmed his "outperform" recommendation for Gibson Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwan shaved his share target back by a loonie to $27. Analysts on average target the shares at $25.32. Mr. Kwan says in a note: "With the Q2/23 results coming in largely in line with our forecast, we attribute part of the share price weakness to conference call disclosures around rail contract expirations as well as potential softness at the other terminals and pipelines division. With the closing of the South Texas Gateway Terminal acquisition, we believe investors will be looking to the company's ability to optimize and derisk the asset via the contracting of additional loading windows as well as extending the term of existing contracts at the facility." The Globe reported on June 23 that Canaccord had elevated its call for Gibson Energy to "buy" from "hold." It was then worth $20.65. The Globe reported on July 14 that ATB Capital analyst Nate Heywood had elevated his recommendation for Gibson Energy to "outperform" from "sector perform." Its shares were then worth $20.90.