The Globe and Mail reports in its Tuesday, June 18, edition that National Bank analyst Maxim Sytchev is keeping his "outperform" recommendation and $91 share target on Stella-Jones intact. The Globe's David Leeder writes that analysts on average target the shares at $93.14. The Globe says Mr. Sytchev sees Stella-Jones's fate "increasingly tied to poles as realized pricing reaches record highs." Mr. Sytchev says in a note: "Stella-Jones's share price momentum (up 35 per cent vs up 12 per cent for TSX) since our upgrade nine months ago has largely been due the growth seen in utility poles as management remains committed to a 15-per-cent CAGR [compound annual growth rate] in this vertical over 2024/2025. The guide is backed by strong secular growth in the U.S. for grid strengthening and electricity demand, as well as the start of the long-awaited mass replacement cycle for poles. Let's not forget IIJA funds for utilities, transport, and telecoms haven't even started flowing through yet, and with Stella-Jones gaining market share over KOP since 2020, they are in 'pole' position to benefit. ... The company has cautioned investors about some near-term pricing weakness in the spot market for poles (due to oversupply)."