The Globe and Mail reports in its Thursday, Aug. 24, edition that Eight Capital analyst Kiran Sritharan is sticking with her "buy" recommendation for Sabio Holdings. The Globe's David Leeder writes that Mr. Sritharan, however, slashed his share target by a loonie to $2.50. Analysts on average target the shares at $2.44. The Globe says Sabio Holdings is a provider of connected TV and over-the-top advertising platforms. While Sabio Holdings' second quarter results fell in line with expectations, The Globe says Mr. Sritharan warns that a "softer demand environment" has created a significant headwind. He says in a note: "The broader ad industry remains challenged. ... As a positive for Sabio, political spend is expected to tick up before year end as the Republican Party primaries kick off. Across the U.S. landscape, recent political spending patterns on minority groups and non-English media have risen to record levels as this strategic voter bloc grows. Management expects an increase in cost trimming across their opex profile as they right-size for the environment. The shift to CTV from mobile continues to benefit the gross margin profile. ... We think Sabio is well-positioned for the back half of this year."