The Globe and Mail reports in its Friday, Jan. 24, edition that Scotia Capital analyst Jonathan Goldman continues to rate Adentra "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman gave his share target a 50-cent trim to $49. Analysts on average target the shares at $53.38. Mr. Goldman says in a note: "Adentra shares have underperformed the home builder complex by 11 per cent in the past month, which we attribute to tariff concerns. Those concerns are misplaced and the sell-off overdone, in our view. With more than 90 per cent of sales generated in the U.S., and the majority of inputs sourced domestically, Adentra is effectively a U.S.-domiciled business that is well positioned to benefit from an 'America First' agenda and a more favourable business environment (i.e., deregulation, lower corporate taxes, stronger USD). We estimate the company's import exposure at 25 per cent to 30 per cent of consolidated sales, but sourcing is from countries other than Canada, Mexico or China, thus would be only subject to a 10-per-cent tariff. Moreover, the business is pass-through and the company has a good track record of passing on higher costs (see 2021-2022)."