The Globe and Mail reports in its Friday, Oct. 6, edition that CIBC World Markets analyst John Zamparo has reaffirmed his "outperformer" recommendation for Diversified Royalty. The Globe's David Leeder writes that Mr. Zamparo snipped 20 cents from his share target taking it down to $3. Analysts on average target the shares at $4.06. Mr. Zamparo says in a note: "We positively view Diversified Royalty's acquisition of BarBurrito's royalty stream, which provides diversification, as well as exposure to the fast-growing yet resilient quick-service restaurant (QSR) industry. The addition should increase distributable cash flow per share by 6 per cent. Though leverage at 4.6 times may exceed some investors' preferences, we gain comfort from likely achievement of sub-four times by late 2024. We reduce our price target to $3($3.20 prior), on a lower cash flow multiple (now 10.5 times, 12 times prior) to reflect weaker sentiment for dividend stocks amid higher bond yields, but Diversified remains rated Outperformer, and we believe the 9.8-per-cent dividend yield offers attractive value." The Globe reported on Aug. 18 that Mr. Zamparo had reiterated his "outperformer" call on Diversified when it could be had for $2.84.