The Globe and Mail reports in its Friday, Nov. 15, edition that BMO Capital Markets analyst Tamy Chen continues to rate Martinrea International "outperform." The Globe's David Leeder writes in the Eye On Equities column that Ms. Chen gave her share target a $2 trim to $13. Analysts on average target the shares at $16.25. Ms. Chen says in a note: "Relative to our forecasts, North America earnings in Q3/24 were better than feared. Our operating earnings forecasts for 2025E and 2026E have not materially changed but the higher tax rate led to a reduction in our EPS estimates. Relative to the Street, it appears management's outlook for Q4/24E and H1/25E margins were below expectations, and we believe today's stock reaction (down 11 per cent) reflects these developments." The Globe reported on Nov. 14 that TD Cowen analyst Brian Morrison had reaffirmed his "buy" recommendation for Martinrea International. The shares could then be had for $9.65.