The Globe and Mail reports in its Friday, Dec. 5, edition that ahead of the Dec. 9 release of North West Co. s third quarter results, RBC Capital analyst Ryland Conrad cut his share target to $58 from $60 with an unchanged "outperform" rating after reductions to his estimates to reflect the impact of the compensation from the $23-billion First Nations Child and Family Services Program settlement now being distributed over a longer time frame. The Globe's David Leeder writes that analysts on average target the shares at $58.33. Mr. Conrad says in a note: "We have revised our forecast mainly to factor in: (I) lower revenue growth assumptions through 2027 with FNCFS settlement compensation being disbursed over a longer time horizon; and (ii) modestly lower margin assumptions through 2027 reflecting a reduced benefit from higher sell-through rates. Our forecast continues to factor in incremental revenues of $500-million-plus from settlement compensation, implying a 10-per-cent capture rate on the estimated opportunity for North West." The Globe reported on July 29 that Mr. Conrad had commenced coverage of Winnipeg-based retailer North West Company, giving it an "outperform" ranking. It was then worth $48.12.