The Globe and Mail reports in its Friday, June 20, edition that Scotia Capital analyst Jonathan Goldman says U.S. building products giant QXO's $5-billion (U.S.) all-cash offer for peer GMS underscores the "significant" value in shares of Adentra. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman has reaffirmed his "sector outperform" recommendation and Street-low share target of $31 for Adentra. Analysts on average target the shares at $38.89. Mr. Goldman says in a note: "Adentra shares trade at 6.7 times EV/EBITDA on our Street low 2026 estimate compared to historicals of seven times. Moreover, our 2026 estimate is 35 per cent below prior peak and historical valuation does not account for a structurally higher margin profile supported by mix shift to specialty products. We still like Adentra, especially with shares trading near 52-week lows, but with a depressed housing market, downside risk to consensus estimates and elevated leverage (3.2 times excluding leases as at 1Q25), shares are more suited to investors with a longer-term horizon. That said, strategic value in the platform is higher than the current share price, in our view."