The Globe and Mail reports in its Friday edition that Scotia Capital analyst Robert Hope has reaffirmed his "sector perform" recommendation for Tidewater Midstream and Infrastructure. The Globe's David Leeder writes that Mr. Hope gave his share target a 15-cent haircut to 30 cents. Analysts on average target the shares at 43 cents. Mr. Hope says in a note: "Tidewater Midstream shares were under significant pressure following its Q3 update, which we attribute to continued challenges at Tidewater Renewables and compressing conventional refining margins. Management reiterated its 2024 guidance range, but is pointing to the lower end of the range given compression of refining margins as well as continued pressure on gas volumes. Tidewater Renewables continues to be a challenged entity with commentary that if [its] credit pricing does not improve, its ability to continue as a going concern may be in jeopardy. ... Looking forward, we expect the key driver of the share price will be Tidewater Renewables' credit pricing, which we expect will be depressed through the balance of 2024." The Globe reported on Aug. 16 that Mr. Hope had cut Tidewater Midstream to "sector perform" from "sector outperform." It was then worth 30 cents.