The Globe and Mail reports in its Tuesday, Oct. 31, edition that National Bank Financial analyst Jaeme Gloyn has reaffirmed his "sector perform" recommendation for Timbercreek Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gloyn trimmed his share target back by $1.50 to $7. Analysts on average target the shares at $8.50. The Globe says the National Bank stockpicker says in a note: "While the announced acquisition of [Home Capital Group] by Smith Financial inspired confidence through the end of 2022 and into 2023, valuation compression in recent months has shown that market sentiment has shifted more negative. We reaffirm our view that caution and patience remain the appropriate strategy heading into Q3-23 results due to downside risks that could constrain sector valuations and share price performance near term." The Globe reported on July 28, 2022, and Oct. 26, 2022, that Mr. Gloyn rated Timbercreek Financial "sector perform." It was then worth $8.31 and $7.78.