The Globe and Mail reports in its Friday, April 12, edition that CIBC World Markets analyst Hamir Patel lowered his estimates for wood products companies further heading into first quarter earnings season, pointing to "weaker-than-expected benchmark prices and lower volume/higher cost assumptions" following recent channel checks. The Globe's David Leeder writes in the Eye On Equities column that Mr. Patel has reaffirmed his "outperformer" recommendation for Adentra. Mr. Patel boosted his share target by $7 to $52. Analysts on average target the shares at $49.50. Mr. Patel notes that Adentra is "gaining market share, with improving M&A prospects." The Globe reported on March 15, 2023, and May 18, 2023, that National Bank Financial analyst Zachary Evershed continued to rate Adentra "outperform." It was then worth $25.39 and $29.03. The Globe reported on Jan. 10, 2024, that analysts at Acumen Capital had named Adentra one of their "Top Ideas" for 2024. The Acumen analysts had reaffirmed their "buy" recommendation and $50 share target. Adentra shares were then worth $31.44.