The Globe and Mail reports in its Thursday, Nov. 14, edition that National Bank Financial analyst Adam Shine has reaffirmed his "sector perform" recommendation for Yellow Pages. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shine is currently the lone analyst covering Yellow Pages. He raised his share target to $10.50 from $10. Mr. Shine says in a note: "Top-line challenges continue amid secular pressures. The decline in Q3 marked further sequential progress post-3Q23, with this period getting some help, despite higher churn, from a deceleration of the customer count decline rate due to an increase in new customer acquisitions." The Globe reported on Feb. 17, 2023, that Mr. Shine continued to rate Yellow Pages "sector perform." The shares could then be had for $14.46.
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