The Globe and Mail reports in its Thursday, Oct. 30, edition that Stifel analyst Daryl Young has reiterated his "buy" recommendation for Cargojet. The Globe's David Leeder writes that Mr. Young gave his share target a $10 trim to $120. Analysts on average target the shares at $141.93. Mr. Young says in a note: "Cargojet reports Q3/25 results Nov. 4. ... We are anticipating a weak quarter given the ongoing challenging global freight dynamics, reallocation of trade flows related to the de minimis rule changes and hangover from the DHL strike. Additionally, it appears that the frequency of Cargojet's Vancouver-China charter flights did not rebound during Q3/25 (three flights per week). We expect the domestic Canada revenue to remain healthy but to decelerate from recent exceptionally strong levels (it's still not clear whether H1/25 benefited from pull-forward/safety stock amid tariff uncertainty, but we think it was a factor). As such we have reduced our estimates across H2/25, and trimmed our target price. The global air freight environment remains uncertain, and consumer sentiment is low, but we think the stock is already reflecting much of the headwinds and is poised for recovery with a 12-month view."