The Globe and Mail reports in its Thursday, Nov. 23, edition that Raymond James analyst Stephen Boland is keeping his "market perform" call for Laurentian Bank of Canada intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Boland slashed his share target by $7 to $29. Analysts on average target the shares at $33.36. The Globe says Mr. Boland expects a "relatively challenging" quarter for Laurentian Bank. Mr. Boland says in a note: "Following the strategic review, the recent September service outage and subsequent executive changes have added another layer of uncertainty for the bank. In particular, we expect significant scrutiny on retail deposits this quarter, with investors seeking to gauge the potential impact of any customer fallout following the outage. Early OSFI data suggests Laurentian demand deposits declined 3.3 per cent from July'23 to Sep'23. While trending similarly to recent quarterly declines (demand deposits down 5.6 per cent in 2Q23, down 6.4 per cent in 1Q23), we note that the outage occurred at the end of September. As such, it is possible deposit outflows were more pronounced in October, though the potential magnitude of these outflows is admittedly uncertain."