The Globe and Mail reports in its Friday edition that Stifel analyst Ian Gillies hiked his share target for Adentra to $51 from $50 with a "buy" recommendation and lowered his Doman Building Materials Group share target to $11.50 from $12 with a "buy" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target Adentra and Doman Building shares at $53.38 and $11.58. Mr. Gillies says in a note: "'That's as good as money, sir. Those are IOU's. Go ahead and add it up, every cent's accounted for.' -- said Lloyd Christmas in 'Dumb and Dumber.' It's been a long and tough start to the year for our coverage list with it down 6 per cent on average, compared to the S&P 500 and S&P TSX both at up 4 per cent. We continue to think that there will be select pockets of strength in our coverage this year and the sell-off should be treated opportunistically rather than as a sign estimates are set to weaken. We are optimistic that we will not be writing IOUs like Harry and Lloyd in Dumb and Dumber by mid-year. Our best [idea] right now [is] Badger Infrastructure Solutions. Tactically, we like Badger and Stantec into 4Q24 prints, while we are cautious on MATR into its Q4 release."
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