The Globe and Mail reports in its Thursday, Aug. 31, edition that Eight Capital analyst Christian Sgro is holding on to his "buy" recommendation for Quisitive Technology Solutions. The Globe's David Leeder writes that Mr. Sgro gave his share target a 25-cent trim to $1.25. Analysts on average target the shares at $1.11. The Globe says Mr. Sgro lowered his financial forecast for Quisitive Technology in response to weaker-than-anticipated second quarter results. Mr. Sgro, however, continues to see value in its shares as it "pushes through macroeconomic headwinds and maintains positive cash flow." Mr. Sgro says in a note: "Similar to peers, Quisitive is seeing sales delays [for its Cloud business], leading to lower pro services revenue and utilization. We expect operational enhancements and July cost reductions to improve efficiency. Recurring revenues continue to be a focus, which can benefit from a resurgence in pro services work. To increase market penetration, Quisitive is focused on key verticals and offerings to drive demand. The payments segment had a strong quarter, benefitting from third party processor volumes. We model flattish performance in H2/23 after the seasonally stronger first half of the year."