The Globe and Mail reports in its Thursday, May 7, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for Cargojet. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $4 boost to $108. Analysts on average target the shares at $118.15. Mr. Doerksen says in a note: "Domestic air cargo demand remains steady for Cargojet, and while its more internationally-focused ACMI operations will continue to face end market-driven headwinds in the coming quarters, the company has successfully won new charter business as an offset demonstrating the resiliency of the business. Although near-term catalysts are limited, valuation is attractive with the stock currently trading at 6.3 times EV/EBITDA based on our 2026 forecast, which is below the post-COVID (last three years) average of 7.6 times. Cargojet shares are also trading at a discount to the P&C/air cargo peer group (8.1 times 2026 EV/EBITDA)." The Globe reported on Oct. 16 and Jan. 23 that Mr. Doerksen had reiterated his "outperform" recommendation for Cargojet. It was then worth $83.93 and $93.74.