The Globe and Mail reports in its Tuesday, Nov. 4, edition that Canaccord Genuity analyst Doug Taylor has reaffirmed his "buy" recommendation for Coveo Solutions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Taylor gave his share target a $2 trim to $11. Analysts on average target the shares at $10.55. Mr. Taylor says in a note: "While Coveo's Q2 performance was otherwise tracking to the expected reacceleration plan, the stock has retraced significantly on the back of a 3-per-cent ARR hit from the renegotiation of its contract with Salesforce. Given this is an isolated issue -- few customers have an internal competitive offering -- the significant 25-per-cent-plus pullback in the stock today is tough to justify. As such, we maintain a 'buy' rating with a lower $11 target (from $13) on slightly lower near-term growth assumptions reflecting this isolated impact. We believe that, as we had seen in prior quarters, gradual reacceleration of top-line growth will be rewarded with valuation expansion, particularly as the sting of the Salesforce churn fades." The Globe reported on Aug. 1 that TD Cowen analyst David Kwan had an unchanged "buy" ranking on Coveo Solutions. It was then worth $8.37.