The Globe and Mail reports in its Wednesday, July 16, edition that BMO Capital Markets analyst Michael Goldie, in new coverage, rates Exchange Income "market perform," with a $59 share target. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Goldie says in a note: "Exchange Income Corporation is an acquisition-oriented company operating within niche aerospace and aviation and manufacturing segments where it is often a market leader. It finances investments with debt and equity, recycling acquired cash flows into dividend growth that has been a material source of shareholder returns. More recent share price appreciation has been led by multiple expansion as EPS growth has been challenged by limited return on invested capital/weighted average cost of capital spreads. Should this reverse, it could be a meaningful and positive catalyst." The Globe reported on June 27 that National Bank Financial analyst Cameron Doerksen had reaffirmed his "outperform" recommendation for Exchange Income. The shares could then be had for $61.91. The Globe reported on July 4 that Desjardins Securities analyst Gary Ho rated Exchange Income "buy" in new coverage. The shares were then going for $64.72.