The Globe and Mail reports in its Thursday, March 20, edition that Stifel analyst Ian Gillies has reaffirmed his "buy" recommendation for Neo Performance Materials. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gillies jacked his share target up by $1.50 to $16.50. Analysts on average target the shares at $12.75. Mr. Gillies says in a note: "Neo delivered a fourth consecutive consensus EBITDA beat and ended the year with EBITDA exceeding its guidance by 12 per cent. We believe the operating environment is improving with recovering commodity prices and end market demand. This leads us to believe Neo is well positioned to beat its 2025E EBITDA guidance of $57.5-million, all else being equal. Additionally, the company's near-term catalyst of a strategic review conclusion should help to drive share price higher. We are hoping." The Globe reported on June 20 that Mr. Gillies had upgraded his recommendation for Neo Performance Materials to "buy" from "hold." In the item he said he considered Neo "significantly undervalued." The shares could then be had for $8.16. The Globe's guest columnist Philip MacKellar said Neo Performance was one of his recommended picks for 2025. It was then worth $8.53.