The Globe and Mail reports in its Wednesday, Oct. 25, edition that Scotia Capital analyst Robert Hope has elevated his recommendation for Gibson Energy to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Hope hiked his share target ahead by a loonie to $25. Analysts on average target the shares at $24.85. Mr. Hope sees Gibson Energy as "a name with limited downside risk and potential for upside in both estimates and valuation." He says Gibson "exhibits many of the characteristics of the companies that are outperforming in this market." Mr. Hope says in a note: "We believe investors should like Gibson's: 1) strong balance sheet and easy-to-execute funding plan that includes the expectation of debt repayments in 2024/2025, 2) low payout ratio and very secure 7.5-per-cent dividend yield, and 3) improved growth outlook. It appears to us that sentiment is shifting more positive on this name, which could accelerate if the duration of the contracts at its South Texas Gateway Terminal (STGT) are extended, which we expect in the coming months. Looking at valuation, we see Gibson trading at a sizable discount to its Canadian peers."