The Globe and Mail reports in its Friday, Oct. 10, edition that RBC Dominion Securities analyst James McGarragle has reaffirmed his "outperform" recommendation for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle gave his share target a $4 boost to $85. Analysts on average target the shares at $82.08. Mr. McGarragle says in a note: "Q3E EBITDA is unchanged into the quarter at $236-million, above consensus $228-million. We introduce 2027E EBITDA of $918-million, in line with consensus of $916-million, representing high single-digit growth off our 2026 estimates. Our blended target multiple moves to 7.3 times (from 7.7 times) to reflect the weaker industrial backdrop on the manufacturing segment, and when applied to our new 2027 estimates results in our $85 share target." The Globe reported on Nov. 15 that Mr. McGarragle was keeping his "outperform" recommendation for Exchange Income intact. The shares were then going for $56.48. The Globe reported on Oct. 2 that Raymond James analyst Steve Hansen had reaffirmed his "strong buy" recommendation for Exchange Income. In the item, Mr. Hansen said he saw "compelling value" at Exchange Income. It was then worth $74.17.
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