The Globe and Mail reports in its Saturday, April 22, edition that Scotia Capital analyst Michael Doumet has reaffirmed his "sector outperform" recommendation for Ag Growth International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doumet bumped his share target ahead by a loonie to $76. Analysts on average target the shares at $70.36. Mr. Doumet says in a note: "While AFN shares have gained almost 100 per cent from their 2022-lows, it has yet to exceed its mid-2019 levels -- despite NTM [next 12-month] EBITDA being 70 per cent higher. What it got in profit growth, it gave away in multiple. To us, FCF margin expansion, deleveraging, and the proving out of the (secular) growth story, will progressively lead to a positive rerate. ... In 2022, AFN initiated its EBITDA guide at more than $200-million and ended with $235-million. A strong starting backlog (up 10 per cent), robust quoting activity, and margin expansion opportunities (up 100 basis points, in our view), leads us to believe there is upside to the 2023 guide/Street. An expected strong start in Farm, including a potential boom in Canada, is likely to lead to AFN topping 1H23 Street estimates (more likely in 2Q)."