The Globe and Mail reports in its Friday, Aug. 18, edition that Raymond James analyst David Quezada has downgraded Carbon Streaming to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Quezada whacked his share target back by $2 to $4. Analysts on average target the shares at $4.45. Mr. Quezada says in a note: "While we maintain a positive bias on Carbon Streaming's status as a first mover in the voluntary carbon industry, we harbor concerns over uncertainty stemming from repeated delays in the receipt of credits from the Rimba Raya project. Although the company does appear to be making progress in cost-cutting, we believe the timeline to the company reaching cash flow positive operations has also been extended -- something we now anticipate occurring in 2H24. As a result, despite an attractive valuation and the ongoing ramp-up of carbon credit volumes, we are adopting a neutral stance." The Globe reported on May 17 that BMO Capital Markets analyst Rachel Walsh had lowered her recommendation for Carbon Streaming to "market perform" from "outperform." Carbon Streaming could then be had for $1.99.