The Globe and Mail reports in its Friday edition that Eight Capital's Adhir Kadve rates Propel Holdings "buy." The Globe's David Leeder writes that Mr. Kadve gave his share target a $3 boost to $38. Analysts on average target the shares at$34.80. According to Mr. Kadve Propel Holdings' $71-million (U.S.) acquisition of QuidMarket, a leading U.K. digital direct lending platform focused on the short-term subprime consumer loan market, is "chock-full of synergies" and brings focus on its "global expansion ambitions." Mr. Kadve says in a note: "We like the acquisition for several reasons. Primarily, it is immediately accretive. Secondly, it adds an asset with a tremendous synergy potential. Thirdly, it opens up yet another attractive avenue of profitable growth for Propel in an attractive jurisdiction. While shares are up nearly 120 per cent year-to-date, we continue to see several opportunities for growth, including the core U.S.-based lending operations, the Canadian FORA operations, and a key rerate catalyst in scaling the LaaS partnership." Mr. Kadve sees the deal, which was followed by a $115-million equity offering, as "an immediate opportunity for Propel to introduce debt financing and be able to supercharge growth."