The Globe and Mail reports in its Wednesday, April 22, edition that North American consumer demand for automobiles remained strong in the first quarter, and TD Cowen analyst Brian Morrison anticipates few negative surprises during the earnings season. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison has reaffirmed his "buy" recommendation for Martinrea International. Mr. Morrison continues to target the shares at $15, a Street-high. Analysts on average target the shares at $12.67. Mr. Morrison says in a note: "While the Q1/26 results may not prove a catalyst event, we see tremendous value at the current share price and opportunities to potentially surface value to a degree during the remainder of the year. This includes non-core asset monetization, an ongoing NCIB, new business wins from near-shoring, strong FCF and meeting/exceeding financial guidance." The Globe reported on Aug. 14 and March 6 that Mr. Morrison continued to rate Martinrea "buy." The shares could then be had for $9.50 and $9.50.
© 2026 Canjex Publishing Ltd. All rights reserved.