The Globe and Mail reports in its Saturday edition that Scotia Capital analyst Maher Yaghi is sticking with his "sector perform" recommendation for Corus Entertainment. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi cut his share target to $3 from $3.40. Analysts on average target the Class B shares at $3.19. Mr. Yaghi says in a note: "We are decreasing our Corus estimates for Q1/FY23 on the account of continued pressure on TV ad revenues. A theme that we also heard while meeting with NBC Universal management in the U.S. earlier this week. Pressure on linear TV advertising continues to be intense with broadcasters trying to offset that pressure with digital ad supported services to capture lost linear ad revenues. ... The CRTC also provided an updated policy on radio ownership. While some changes were provided vs prior rules, we don't view the new updated policy as providing the needed flexibility radio operators in Canada were hoping to see in order to improve overall profitability." The Globe reported on Oct. 25 that Canaccord Genuity analyst Aravinda Galappatthige had downgraded Corus Entertainment to "speculative buy" from "buy." The shares could then be had for $2.15.