The Globe and Mail reports in its Friday, Nov. 10, edition that CIBC World Markets analyst Kevin Chiang has lowered his recommendation for Airboss of America to "underperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Chian slashed his share target by $2.25 to $3.75. Analysts on average target the shares at $5.75. Mr. Chiang says in a note: "We recognize its shares are down 48 per cent year-to-date, but we are moving to the sidelines given the continued lack of earnings visibility. We do acknowledge that its order pipeline is large and Airboss's valuation is undemanding, but we suspect that any large ADG orders are not likely until 2024. Even then, given the 'boom-bust' profile Airboss has exhibited in its earnings through and coming out of the pandemic, we suspect any rerate in the stock will require a more consistent level of execution against its backlog, which will take time." The Globe reported on July 28 that Canaccord analyst Yuri Lynk had lowered his recommendation for Airboss to "hold" from "buy." In the item, Mr. Lynk said he saw "heightened uncertainty" within Airboss's outlook. The shares could then be had for $5.05.