The Globe and Mail reports in its Thursday, Oct. 30, edition that RBC Dominion Securities analyst Drew McReynolds has reaffirmed his "sector perform" recommendation for Corus Entertainment. The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds gave his share target a five-cent trim to 15 cents. Analysts on average target the shares at seven cents. Mr. McReynolds says in a note: "Given the step-back in earnings visibility following the non-renewal of WBD programming and in light of a structurally challenged linear television advertising market, Corus continues to make progress on its four key priorities -- channel transition, cost reductions, balance sheet/liquidity and regulatory relief. Until more progress is demonstrated on each of these fronts and a more sustainable capital structure is instituted, we expect equity value to be under considerable pressure and in flux, with the risk profile of the stock notably elevated." The Globe reported on Jan. 10 that Mr. McReynolds was sticking with his "sector perform" ranking and Street-high 20-cent share target for Corus. The shares were then worth 10.5 cents.