The Globe and Mail reports in its Friday, March 8, edition that Stifel analyst Cody Kwong is keeping his "buy" call on Paramount Resources intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kwong snipped 50 cents from his share target, taking it down to $33. Analysts on average target the shares at $33.83. Mr. Kwong says in a note: "While the company's 4Q23 results and year-end reserves were in-line with expectations, management's downdraft to 2024 production guidance clearly captured the headlines with this print. Paramount Resources revised its production target by 8 per cent at the midpoint due to a variety of expected and unexpected items, while its capex plans remained unchanged. Updating our estimates has prompted a 10-per-cent reduction in our 2024/2025 cash flow outlook, which drives our target price decrease to $33. While we are buyers on any meaningful weakness from here, there will be elevated market scrutiny on Paramount Resources' operational execution and well performance until delivery of its recast volumes are observed." The Globe reported on Aug. 4, Oct. 23 and Jan. 11 that National Bank rated Paramount "outperform." It was then worth $31.72, $29.93 and $25.82.