The Globe and Mail reports in its Tuesday, Nov. 7, edition that in a fourth quarter earnings preview for Canada's banking sector titled Stranger Things, Desjardins Securities analyst Doug Young cautions near-term patience is required, but "the snap back could be quick." The Globe's David Leeder writes in the Eye On Equities column that Mr. Young has reaffirmed his "hold" recommendation for Laurentian Bank of Canada. Mr. Young gave his share target a $6 trim to $29. Analysts on average target the shares at $34.91. Mr. Young says in a note: "Banks are like the haunted houses of the market, with shadows of an impending recession spooking investors. Their flight from this sector is hardly surprising given the gloomy memories of banks' past performance during recessions. Concerns include rising credit provisions, decelerating loan growth, mounting capital requirements, downward estimate revisions and lurking (geo)political risks. However, we would argue that these are reflected in bank valuations, with multiples close to or below historical lows on a P/BV basis." The Globe reported on Nov. 8, 2022, and Feb. 8, 2023, that Mr. Young rated Laurentian Bank "hold" when it could be had for $30.38 and $35.48.