The Globe and Mail reports in its Friday, Nov. 7, 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 gave his share target a $2 boost to $94. Analysts on average target the shares at $88.63. Mr. Poirier says in a note: "Overall, we are pleased with the return of positive organic growth in utility poles (first volume growth since 2Q24). Despite minor changes to the 2025 outlook (not a surprise), we continue to believe that utility poles are poised to grow at mid-single digits plus due to strong fundamentals and recent acquisitions (Locweld and Brooks). We see the reduced buyback envelope as a sign of improved growth opportunities, both organic and from M&A. We believe the company is well positioned to tackle these." The Globe reported on Oct. 2 that Mr. Poirier was sticking with his "buy" recommendation for Stella-Jones, which was then going for $81.40. The Globe reported on Oct. 23 that CIBC Capital Markets analyst Hamir Patel had downgraded Stella-Jones to "neutral" from "outperformer." The shares could then be had for $78.12.
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