The Globe and Mail reports in its Friday, Aug. 16, edition that Stifel analyst Ian Gillies is sticking with his "buy" recommendation for Algoma Steel Group. The Globe's David Leeder writes that Mr. Gillies increased his target share target to $19 from $16. Analysts on average target the shares at $17.67. Mr. Gillies says in a note: "Challenging market conditions for HRC and plate continue to pressure Algoma's near-term financial performance. However, we continue to believe that the focus on the stock is its EAF transformation which will allow the company to increase its production and improve its margin profile, leading to a significantly improved FCF profile (2026E FCF yield: 19.3 per cent). Our medium-term view remains unchanged as we believe the company's FCF generation ability will be significantly improved and can be used toward share buybacks to improve shareholder returns. This is augmented by the potential for M&A as the project nears completion." The Globe reported on June 11 that BMO Capital analyst Katja Jancic rated Algoma Steel "outperform." It was then worth $10.01. The Globe reported on June 25 that Mr. Gillies had an unchanged "buy" recommendation for Algoma Steel. The shares were then worth $9.68.