The Globe and Mail reports in its Friday, Nov. 17, edition that Scotia Capital analyst Konark Gupta has reaffirmed his "sector perform" recommendation for Westshore Terminals Investment. The Globe's David Leedere writes in the Eye On Equities column that Mr. Gupta cut his target by a loonie to $26. Analysts on average target the shares at $27.25. Mr. Gupta says in a note: "WTE reported a solid Q3 beat, driven by better-than-expected volume, pricing and margin. However, the company tweaked 2023 throughput and loading rate guidance, for a net wash, noting weaker-than-expected U.S. rail performance in Q4. Debut 2024 guidance points to y/y decline in coal loading revenue (volume down, pricing up), which came right in line with our prior expectation (slightly ahead of Street). We have trimmed our volume outlook but raised our pricing assumptions, staying above the implied coal loading revenue guidance for both years as we continue to believe that WTE tends to be conservative. Management also provided updates on potash project and labour negotiation. We are rolling forward our valuation to 10 times EV/EBITDA on average 2024E-2025E (was 2024E)."