The Globe and Mail reports in its Friday, March 6, edition that RBC Capital Markets analyst Rob Mann has reaffirmed his "sector perform" recommendation for Gran Tierra Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Mann gave his share target a $2.50 boost to $8. Analysts on average target the shares at $7.75. Mr. Mann says in a note: "Gran Tierra announced its fourth quarter results last night which appeared somewhat mixed primarily driven by a revenue deferral due to a large inventory build in Ecuador which was recognized in January. The company remains intently focused on free cash flow generation and ongoing net debt reduction this year, with prudent steps taken in recent months in regard to strengthening the balance sheet. We are maintaining a 'sector perform, speculative risk' rating on Gran Tierra and raising our one-year price target on modestly increased multiples." The Globe reported on Aug. 1 that Mr. Mann had reiterated his "sector perform" call for Gran Tierra when it could be had for $5.49.