The Globe and Mail reports in its Thursday, March 12, edition that National Bank's Jaeme Gloyn has lowered his recommendation for goeasy to "sector perform" from "outperform." The Globe's David Leeder writes that Mr. Gloyn slashed his share target by $160 to $50. Analysts on average target the shares at $178.67. Mr. Gloyn calls Tuesday's update from goeasy, which included the announcement of a surge in loan losses and the suspension of its dividend, "a clearing event" as the personal lender for subprime shifts into "a full transition over the next several years." goeasy shares plummeted almost 57 per cent after it revealed it will book an incremental $178-million charge for bad loans when it reports fourth quarter earnings for 2025 at the end of the month, as well as a $55-million writedown for loan interest and fees. Mr. Gloyn says in a note: "While the update resets expectations, there remains significant risks to the story. Management pulled guidance and provided limited detail which leaves investors (and us) with impaired visibility on the outlook and future earnings power of the business." The Globe reported on Nov. 7 that Mr. Gloyn continued to rate goeasy "outperform." The shares were then going for $129.46.