The Globe and Mail reports in its Friday, Jan. 19, edition that ATB Capital Markets analyst Amir Arif has lowered his recommendation for Yangarra Resources to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Arif gave his share target a 50-cent trim to $2. Analysts on average target the shares at $2.45. Mr. Arif says in a note: "[Yangarra] brought on stream nine wells toward the end of Q3/23 for which production should be reflected in Q4/23 results. Based on public Oct/Nov production data, we have adjusted our Q4/23 production estimate lower. We have also reduced our 2024 estimates to reflect a balanced budget at current strip prices. The company continues to focus on reaching its $80-million net debt target which is anticipated to occur in 2024." The Globe reported on Jan. 11 that analysts at National Bank Financial continued to rate Yangarra "outperform." The shares could then be had for $1.24.