The Globe and Mail reports in its Wednesday, Feb. 18, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for Calian Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier share target soared $17 to $83. Analysts on average target the shares at $82.25. Mr. Poirier says in a note: "We are increasing our multiples to better align them with defence sector peers. Canada's rising defence budget and the government's emphasis on local procurement (where Calian Group is one of the few fully sovereign defence companies) enhance our conviction and visibility into the company's upcoming growth. In addition, with the stock now trading at a premium to its five-year average, potential acquisitions should become even more accretive, while also creating opportunities to expand the company's overall defence exposure." The Globe reported on July 10 that Mr. Poirier was keeping his "buy" ranking on Calian Group intact. It was then worth $50.09. The Globe reported on Feb. 13 that Ventum Capital Markets analyst Rob Goff was maintaining his "buy" call for Calian Group. The shares could then be had for $70.60.