The Globe and Mail reports in its Wednesday edition that Scotia Capital's George Doumet has reiterated his "sector outperform" call for Park Lawn. The Globe's David Leeder writes that Mr. Doumet cut his share target back by $5.50 to $28. Analysts on average target the shares at $30.69. Mr. Doumet acknowledges "interest sensitive M&A stories remain under pressure." The Globe adds that Mr. Doumet sees "significant value" in Park Lawn shares in the medium to longer term after coming off research restriction following its withdrawal from the purchase Carriage Services Inc. Mr. Doumet says in a note: "Since the announcement, Park Lawn shares are down 24 per cent vs. its U.S. death-care peer Service Corp. down 14 per cent. We believe there was significant investor concern around the deal given: (i) the expected increase in the company's leverage profile, (ii) expectations for initially modest property-level synergies (limited overlap in geographic profile), although there likely would be significant synergies in corporate overhead, (iii) risks around getting larger in an environment where there was some concern around the more economically sensitive parts of the business, notably the preneed sales outlook."