The Globe and Mail reports in its Friday, Jan. 24, edition that following the completion of a $27-million strategic private placement financing, Ventum Capital analyst Amr Ezzat cut his Blackline Safety share target to $7.75 from $8 with an unchanged "buy" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $8.46. Mr. Ezzat says in a note, "Despite the dilution, we believe the strategic investment strengthens Blackline's long-term growth potential, enhances its financial flexibility, and positions the Company to capitalize on opportunities in the expanding connected safety market." The Globe reported on Sept. 6 and Sept. 13 that Mr. Ezzat continued to rate Blackline Safety "buy." The shares could then be had for $4.67 and $5.28. The Globe reported on Jan. 10 that TD Cowen analyst David Kwan was sticking with his "buy" recommendation for Blackline Safety. The shares could then be had for $6.85. The Globe reported on Jan. 17 that National Bank Financial analyst John Shao had reiterated his "outperform" recommendation for Blackline Safety. The shares were then going for $6.74.