The Globe and Mail reports in its Tuesday, Oct. 21, edition that Scotia Capital analyst Robert Hope lowered his recommendation for Gibson Energy to "sector perform" from "sector outperform." The Globe's David Leeder writes that Mr. Hope gave his share target a $2 tr im to $25. Analysts on average target the shares at $26.29. Mr. Hope sees "a more muted growth outlook and limited catalysts in the medium term for Gibson Energy." Mr. Hope says in a note: "Through the balance of 2025 and 2026 we expect marketing conditions will remain challenging and as such we move down our estimates. A softer crude oil pricing environment could make sanctioning projects more challenging. As such, we remove some unsecured growth from our forecasts that brings down our 2027 estimates. The outlook for the South Texas Gateway Terminal (STGT) terminal has improved, and we believe this is reflected in the shares. ... Overall, our estimates for Q3 are modestly below consensus on the majority of names as moderating marketing margins and lower generation should be headwinds." The Globe reporteed on Sept. 9 that BMO Nesbitt Burns analyst Ben Pham had downgraded Gibson Energy to "market perform" from "outperform." It was then worth $25.64.