The Globe and Mail reports in its Wednesday, March 19, edition that National Bank Financial analyst Zachary Evershed has reaffirmed his "outperform" recommendation for Adentra. The Globe's David Leeder writes that Mr. Evershed slashed his share target by $7 to $53. Analysts on average target the shares at $47.38. Mr. Evershed warns Adentra is likely to suffer through some short-term volatility as a "chilly winter tempers Q1 organic growth," however, he emphasizes the distributor of architectural building products has very limited exposure to the impact of U.S. tariffs. Mr. Evershed says in a note: "Management notes January and February activity levels have yielded an organic decline of 6 per cent, primarily as a result of lower volumes (down approximately 4.5 per cent excluding harsh winter weather in January) with headwinds in the form of stubborn housing affordability issues (elevated mortgage rates, constrained supply). Given month-to-date trends, partially offset by month/month volume improvements since December and stable pricing, we temper our Q1 organic growth to negative 4.9 per cent (was 1.3 per cent). Accordingly, we tweak our profitability estimates downward to account for operating deleverage."