The Globe and Mail reports in its Friday, Feb. 20, edition that BMO Capital analyst Raj Ray commenced coverage on Neo Performance Materials with an "outperform" recommendation and a $30 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $26.50. Mr. Ray says in a note: "We believe rare earth magnets are the key bottleneck in the rare earth supply chain and think Neo is attractively positioned as a leader in the space. With 30-plus years of magnet production experience, and well-established supply and customer relationships, we believe Neo is differentiated versus other aspiring magnet producers. Additionally, we believe Neo trades at a significant discount to peers and our valuation is based on 13 times modeled 2027 EBITDA." The Globe reported on March 20 that Stifel analyst Ian Gillies had reaffirmed his "buy" recommendation for Neo Performance. The shares could then be had for $9.60. The Globe reported on Aug. 14, Oct. 8 and Feb. 6 that Mr. Gillies continued to rate Neo Performance "buy." The shares were then going for $16.87, $22.35 and $19.67.