The Globe and Mail reports in its Friday, July 21, edition that CIBC World Markets analyst Jacob Bout has reaffirmed his "neutral" call on Westshore Terminals Investment. The Globe's David Leeder writes in the Eye On Equities column that Mr. Bout jacked his share target up by $2. Analyst on average target the shares at $29.88. Mr. Bout says in a note: "Recall that in mid-June, Westshore announced that it still expected to load 26.5Mt in 2023, but now expects FY average pricing to be $12.75/t (vs. $13/t previously). We have updated our 2023 estimates to reflect slightly lower pricing, but have raised our 2024 estimate slightly due to a higher volume estimate. ... While thermal coal prices have currently eased from peaks seen in H2/22, prices remain historically elevated. That said, prices could weaken substantially in a recession (and lower Westshore volumes/loading rates), and hence we maintain our 'neutral'; rating. We don't believe that the B.C. port strike (now over) had a material impact to Q3/23 given Westshore has its own collective agreements with its unions." The Globe reported on March 15 that Mr. Bout had reaffirmed his "neutral" recommendation for Westshore when it could be had for $26.07.