Canaccord analyst Tony Lesiak noted Tahoe Resources reported less than expected Q4 earnings despite pre-releasing production. The analyst believes the issue leading to the variance is expected to reverse itself during the year. He noted the company provided three year guidance that was lower than expectations, but he sees upside in the company's reduction in sustaining capital post-2018. Lesiak feels the bar has now been reset and investors should buy the dip in the shares. Lesiak keeps a Buy rating on Tahoe and lowered his price target to C$15 from C$17.50.