The Globe and Mail reports in its Thursday edition that Scotia Capital analyst Kevion Krishnaratne continues to rate Dye & Durham "sector outperform." The Globe's David Leeder writes that Mr. Krishnaratne trimmed his share target by a loonie to $24. Analysts on average target the shares at $21.42. Mr. Krishnaratne says in a note: "Although Q2 revenue was in line, adjusted EBITDA was light and FCF much lower than expected, though the latter was mainly due to timing on capex and working capital. We model a step up in FCF in 2H ($57-million vs. essentially flat in 1H) on better top line trends (re seasonality, pricing optimizations) and cost improvements (lower capex, restructurings/one-time charges). Management continues to pursue multiple opportunities to delever the balance sheet -- we model leverage moving below four times per management's guidance (we est. 4.2 times by FY24, 3.4 times by FY25)." The Globe reported on Nov. 16 that Mr. Krishnaratne rated Dye & Durham "sector outperform." It was then worth $14.06. The Globe reported on Feb. 6 that PenderFund Capital chief executive officer David Barr said he believed that Dye & Durham can outperform its larger peers. The shares were then going for $13.25.