The Globe and Mail reports in its Wednesday, May 20, edition that Scotia Capital analyst Jonathan Goldman has reiterated his "sector outperform" ranking for TerraVest Industries. The Globe's David Leeder writes in the Eye On Equities column that Mr. Goldman cut his share target back to $172 from $178. Analysts on average target the shares at $181. After TerraVest's second quarter results came in "better than feared with EBITDA coming in exactly in line with consensus and showing sequential improvement," Mr. Goldman says his "concerns about incremental softness in Entrans based on peer results" did not materialize. Mr. Goldman says in a note: "Moreover, it appears as though TerraVest has recaptured margins sooner than expected in its HVAC business with pass-through of higher steel cost almost complete for both residential and commercial tanks. We expect data centre tank deliveries to ramp in 2H as customer site delays are sorted out. We left our 2026 estimates unchanged and lowered our 2027 estimates, primarily on a more modest ramp of U.S. Army contract. Notably, our estimates exclude upside from data centre tanks as we do not have visibility on backlog, but it is likely significant and growing."