The Globe and Mail reports in its Friday, Dec. 1, edition that Scotia Capital analyst George Doumet has reaffirmed his "sector perform" recommendation for Rogers Sugar. The Globe's David Leeder writes that Mr. Doumet gave his share target a 50-cent trim to $6. Analysts on average target the shares at $6.05. Mr. Doumet says in a note: "Rogers Sugar's Q4 results were largely in line with our expectations -- with some puts and takes. Performance at Sugar was softer due to lower volumes and higher operating (largely one-time in nature) and distribution costs. The Maple segment saw a material improvement in margins. The blemish in the quarter came from the outlook: management expects sugar volumes to be down in F24 (strike in Vancouver) and for the Eastern Canada expansion to start ramping up in 1H/F26. ... We have reduced our F24 estimates to reflect the impact of the strike (which we have low visibility on, at this point). Our view on Sugar remains unchanged: we like it for stability and dividend yield (approximately 6.7 per cent) but we see limited upside to the shares given its current valuation. Furthermore, we see an overhang as the company evaluates its financing options for the Montreal expansion."