The Globe and Mail reports in its Friday, Feb. 20, edition that Raymond James analyst Steve Hansen is sticking with "outperform" call for Firan Technology Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen gave his share target a $2.50 boost to $29. Analysts on average target the shares at $17.25. Mr. Hansen says in a note: "We are increasing our target price on Firan Technology Group and reiterating our 'outperform' rating based upon the company's: 1) accelerating aerospace and defence tailwinds; 2) new defence program wins; 3) record backlog; 4) attractive growth pipeline; 5) pristine balance sheet (0.2x); and six) increasing bizdev. M&A optionality." The Globe reported on April 11, June 10 and Jan. 30 that Mr. Hansen had reaffirmed his "outperform" recommendation for Firan Technology when it could be had for $7.46, $11.45 and $15.01.
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