The Globe and Mail reports in its Tuesday, Nov. 19, edition that ATB Capital Markets analyst Tim Monachello has lowered his recommendation for Mattr to "sector perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Monachello gave his share target a $5 trim to $18. Analysts on average target the shares at $19.84. Mr. Monachello thinks macro headwinds are likely to limit Mattr's growth moving forward. Mr. Monachello believes Mattr shares are "likely to be rangebound until near-term challenges pass and there is better visibility to stronger organic growth." Shares of the Toronto-based enterprise have dropped 15 per cent since the release of its third quarter results last Wednesday, including adjusted earnings before interest, taxes, depreciation and amortization of $42-million that topped both Mr. Monachello's $38-million estimate and the consensus projection of $33-million. Mr. Monachello says in a note, "We believe Mattr will incur at least roughly $30-million of one-time costs through H1/25 to right size its Flexpipe and DSG Canusa businesses, stand-up and ramp-up new manufacturing facilities, and complete and integrate its AmerCable acquisition."