The Globe and Mail reports in its Friday, May 10, edition that TD Securities analyst Brian Morrison raised his share target Linamar to $97 from $86 following a sizable earnings beat late Wednesday. The Globe's Darcy Keith writes in the Eye On Equities column that analysts on average target the shares at $87.83. Linamar reported first quarter sales, adjusted earnings before interest and taxes (EBIT), and adjusted earnings per share (EPS) of $2.722-billion, $244-million and $2.59 compared with consensus of $2.654-billion, $202-million, and $2.06. Mr. Morrison summed up the first quarter results as "demonstrating solid organic growth, strong growth from acquisitions and attractive margin expansion. Mr. Morrison says in a note: "Linamar was our top pick coming into the Q1/24 results within our auto supplier coverage, and its results handily exceeded the most bullish of expectations. The EBITDA beat was almost equally across both operating segments, but we believe the mobility performance will receive the most accolades from investors. The Q1/24 beat and improved outlook resulted in an increase to annual guidance. We believe the last two quarters of financial outperformance should support multiple expansion."