The Globe and Mail reports in its Tuesday, Oct. 31, edition that Scotia Capital analyst Himanshu Gupta is sticking with his "sector outperform" recommendation for Chartwell Retirement Residences. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gupta cut his unit target to $12.50, matching the consensus, from $13.50. Mr. Gupta says in a note: "We have lived by our playbook 'One year at a time' throughout the pandemic and now post-pandemic period. Our view is simple -- public markets will price senior housing stocks based on FY1 earnings estimates and not stabilized earnings (unlike the private markets). The playbook has served us well: We downgraded Chartwell last year -- when next year NOI was implying NAV of sub-$10 vs then price of mid-$11. We upgraded Chartwell this year -- when next year NOI was implying NAV of mid-$11 vs then price of mid-$8." The Globe reported on Aug. 17, 2022, and Oct. 19, 2022, that Mr. Gupta rated Chartwell Retirement "sector perform." The units could be had for $10.90 and $8.35. The Globe reported on Aug. 15, 2023, that RBC Capital analyst Pammi Bir continued to rank Chartwell Retirement "outperformer." It was then worth $10.27.