The Globe and Mail reports in its Tuesday, March 18, edition Scotia Capital analyst Jonathan Goldman, in a report titled Set It and Forget It, reaffirmed his bullish view on Adentra, but warns patience will be necessary given the unfavourable macroeconomic conditions. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman has reaffirmed his "sector outperform" recommendation for Adentra. Mr. Goldman slashed his share target by $6 to $43. Analysts on average target the shares at $50.13. Mr. Goldman says in a note: "We don't have an obvious catalyst to point to, as higher rates will likely keep earnings, sentiment and share price range-bound in the near term. Rates need to come down to jump-start industry activity levels with homeowners locked into low mortgages (housing turnover is at multi-decade lows) and deferring large-ticket discretionary spend. Uncertainty around trade and policy is also dampening consumer sentiment. But with U.S. home equity values up more than 80 per cent since 2019, that should eventually translate to a tidal wave of home reno spend. We are also encouraged by what appears like the end of the prolonged period of deflation and the resilience of gross margins."