The Globe and Mail reports in its Friday, June 23, edition that National Bank Financial analyst Ahmed Abdullah has reaffirmed his "sector perform" call for Good Natured Products. The Globe's David Leeder writes in the Eye On Equities column that Mr. Abdullah slashed his share target by 15 cents to five cents. Analysts on average target the shares at 28 cents. Mr. Abdullah sees reduced demand levels at its industrial segment weighing on results. Mr. Abdullah says in a note: "As such, Good Natured Products' previously noted outlook commentary around expected revenue declines through the next several quarters may hold a little longer than we anticipated. Therefore, we trimmed our forecasts to be better aligned and now expect 2023 total revenue to decline 17.6 per cent. For 2Q, we moved revenue down to $19.2-million from our previous $20.4-million. ... Consensus estimates ex-outliers are at roughly $20-million and $500,000. Our updated estimates suggest that Good Natured will likely need to get a credit agreement amendment soon. We are now forecasting a $1.9-million LTM [last 12-month] adjusted EBITDA level at 2Q while the minimum EBITDA covenant level was last amended to $2-million."