The Globe and Mail reports in its Thursday, Feb. 8, edition that Desjardins Securities analyst Doug Young has downgraded his recommendation for Laurentian Bank of Canada to "sell" from "hold." The Globe's David Leeder writes that Mr. Young gave his share target a $1 trim to $26. Analysts on average target the shares at $29.20. While Mr. Young expects the approaching earnings season for Canadian banks to be noisy, he predicts, "The quarter will be fine." However, he did caution that the group has "run into fresh resistance as concerns for U.S. regional banks is revived." Examining three items to watch in each bank's release, Mr. Young says this about Laurentian: "First, we are keenly interested in the perspectives and plans of the new CEO. Is he contemplating any big changes? Second, following last year's system disruptions, we are curious about the bank's customer retention and deposit flows. Lastly, any further restructuring/charges?" The Globe reported on Nov. 8, 2022, Feb. 8, 2023, and Nov. 7, 2023, that Mr. Young rated Laurentian Bank "hold" when it could be had for $30.38, $35.48 and $26.13. The Globe reported on Dec. 8, 2023, that Scotia Capital kept Laurentian at "sector perform," when it was worth $25.84.