The Globe and Mail reports in its Friday, Nov. 15, edition that RBC Capital analyst James McGarragle is keeping his "outperform" recommendation for Exchange Income intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle's share target advanced by $6 to $71. Analysts on average target the shares at $69. Mr. McGarragle says in a note: "Last week we had the opportunity to present to Exchange's board of directors in Arizona and received updates from key business leaders on the company's strategic direction. Overall, we came away positive on the company's outlook, especially in aviation, reflecting the strong pipeline of contracted growth and numerous upside opportunities, in addition to solid execution. While we remain cautious on the manufacturing outlook despite commentary from management they are seeing early signals the backdrop is improving, we view the segment as having significant operating leverage when macro inflects. Continue to flag Exchange as a top idea in Aerospace." The Globe reported on Nov. 17 that Mr. McGarragle had kept his "outperform" recommendation for Exchange Income intact when it was worth $45.76.