The Globe and Mail reports in its Friday edition that TD Cowen analyst David Kwan is sticking with his "buy" call and $7.50 share target for Blackline Safety. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $7.43. Mr. Kwan anticipates "less robust" financial results for Blackline Safety in the fourth quarter of 2024, set to be released on Jan. 16. He believes that macroeconomic and geopolitical headwinds have negatively affected hardware spending in recent months, likely resulting in a less seasonally strong fourth quarter. Mr. Kwan says, "Despite our bullish long-term view, we believe near-term risks could limit further share-price gains, particularly given the 45-per-cent gain since the Q3/24 release in September." Mr. Kwan reduced his forecast for the Calgary-based connected safety monitoring technology company, noting he now sits at the bottom of the consensus. He is projecting revenue of $37-million, up 23 per cent year-over-year but down from $39.1-million previously and below the Street's estimate of $38.4-million. That drop was driven by a 9-per-cent cut to his product revenue forecast. ... We also believe the company is an attractive takeout target.