The Globe and Mail reports in its Friday, Aug. 9, edition that BMO Capital Markets analyst Tamy Chen says following several quarters of very strong results from Linamar's industrial operations, it appears broader end market weakness is now having an impact. The Globe's Darcy Keith writes in the Eye On Equities column that Linamar posted fiscal first quarter adjusted earnings per share this week of $3.06, above the Street's estimate of $2.99 but below BMO's estimate of $3.13 due to higher interest expense. Ms. Chen says in a note: "The positive from Q2/24 is mobility margin was again better than our forecast, despite a challenging industry production backdrop. The negative is management's outlook for industrial segment growth and margin for 2024 and 2025 were lowered. ... As a result we have reduced our estimates." BMO's share price target was cut to $80 from $90 but an "outperform" recommendation was maintained because the stock is trading cheaply based on BMO's 2025 estimates. The Globe reported on April 19 that CIBC World Markets analyst Krista Friesen had reaffirmed her "neutral" recommendation for Linamar. The shares could then be had for $64.63.