The Globe and Mail reports in its Tuesday, Aug. 15, edition that Scotia Capital analyst Michael Doumet is keeping his "sector perform" recommendation for Stelco Holdings intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doumet slashed his share target by $10.50 to $42.50. Analysts on average target the shares at $46.15. Mr. Doumet says in a note: "2Q EBITDA missed consensus largely due to higher costs. We expect higher-priced coal/coke inventories (which was purchased in the LTM [last 12 months]) to lead to above-average costs for the company -- at least until the 1H24 (when it may begin to moderate more meaningfully as lower-priced coal/coke purchases filter through). Combined with the decline in HRC prices through the latter part of 2Q and into 3Q, we expect margins to come under pressure in 3Q -- and likely through the 1H24, unless HRC prices rebound." The Globe reported on March 25 that RBC Capital analyst James McGarragle said Stelco Holdings was "fully valued." He rated Stelco "sector perform." It was then worth $52.07. The Globe reported on April 11 and May 19 that Stifel analyst Ian Gillies rated Stelco Holdings "hold." The shares could then be had for $49.20 and $44.55.