The Globe and Mail reports in its Tuesday, Aug. 15, 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 boosted his share target by $6 to $76. Analysts on average target the shares at $74.75. Mr. Doumet says in a note: "2Q beat -- all from higher margins. AFN sales grew 50 per cent in 2021 and 2022 (combined) on an organic basis. And, while we remain optimistic on its growth prospects, the 2Q beat highlights the more meaningful upside potential from (ongoing) margin expansion. Margin expansion has come more quickly than anticipated and, given the underlying momentum, likely has more room to go. The margin expansion goes to the essence of our bull thesis: higher margins and rightsized capital outlays (capex/WC) will drive a significant increase in FCF generation and an acceleration of the B/S deleveraging. Higher returns and lower debt should lead to multiple expansion. ... With positive momentum in terms of growth opportunities, margin upside, and FCF, we believe AFN shares, which trade at seven times EV/EBITDA on our 2023 estimates, are undervalued."