The Globe and Mail reports in its Tuesday edition that RBC Capital Markets analyst Pammi Bir continues to rate Granite REIT "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Bir trimmed his unit target by $6 to $97. Analysts on average target the units at $96.40. Mr. Bir says in a note: "We would hardly characterize Granite as a reckless driver -- rather, quite the opposite, as we view management's capital allocation as highly disciplined. Our title is more in reference to rising investor concerns around decelerating industrial fundamentals, particularly in the U.S. Frankly, moderation from exceptionally tight conditions should be expected. Yet, moderation does not equate to slow growth. Indeed, our forecasts continue to reflect an above average earnings CAGR. Together with a hardly demanding valuation." The Globe reported on March 14 that Desjardins had reiterated its "buy" call for Granite REIT. Granite units were then going for $85.29. The Globe reported on July 18 that Raymond James analyst Brad Sturges, after a fresh review of the real estate investment trust sector, had upgraded Granite REIT to "strong buy" from "outperformer." Granite units were then going for $78.24.