The Globe and Mail reports in its Friday, Aug. 18, edition that Laurentian Bank Securities analyst Jonathan Lamers has resumed coverage of Hydro One with a "hold" recommendation and $38 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $38.96. Mr. Lamers says in a note: "We believe Hydro One has been attracting investment as a 'safe haven' given its low mix of variable rate debt in the capital structure and predictable growth plans focused on the regulated Ontario market. As a result, we see limited room for further valuation expansion from current levels and expect returns to be driven primarily by earnings growth & dividends going forward." The Globe reported on April 20 that Wells Fargo analyst Neil Kalton had lowered his recommendation for Hydro One to "equal weight" from "overweight," citing its valuation. The shares could then be had for $39.75. The Globe reported on May 9 that Raymond James analyst David Quezada had reaffirmed his "market perform" recommendation for Hydro One. The shares could then be had for $39.36.