The Globe and Mail reports in its Friday, Feb. 7, edition that TD Cowen analyst Graham Ryding has downgraded Canaccord Genuity Group to "hold" from "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryding gave his share target a $2 trim top $10. Analysts on average target the shares at $11.83. Mr. Ryding says he see limited share price upside potential. Mr. Ryding says in a note: "Results were below our forecast despite in-line revenue, and compensation being lower than our forecast. Non-compensation expense was elevated (real estate and regulatory compliance is elevated, but not expected to be the run rate). We have lowered our estimates." The Globe reported on Feb. 9, 2024, that Mr. Ryding has elevated his recommendation for Canaccord Genuity to "buy" from "hold." The shares could then be had for $8.09.