The Globe and Mail reports in its Friday, May 9, edition that Desjardins Securities analyst Benoit Poirier continues to rank Stella-Jones "buy." The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier cut his share target back by $4 to $94. Analysts on average target the shares at $83.25. Mr. Poirier says in a note: "We view this long-anticipated acquisition as positive, as Locweld adds a new adjacent growth vector for Stella-Jones. It marks a strategic shift into the $5-billion steel transmission structure market, complementing Stella-Jones's utility poles and unlocking a new, attractive segment where wood poles have limited use. This move also opens the door to a potential rerating opportunity down the road if Stella-Jones further transitions from a commodity-linked forest products firm to an electrical component provider -- typically valued at higher multiples." The Globe reported on March 1, 2024, and May 10, 2024 that Mr. Poirier had reaffirmed his "outperform" call for Stella-Jones. It was then worth $72.82 and $79.59. The Globe reported on Feb. 28, 2025, that RBC Capital analyst James McGarragle continued to rank Stella-Jones "sector perform." The shares could then be had for $72.39.
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