The Globe and Mail reports in its Tuesday, Jan. 13, edition that National Bank Financial analyst Maxim Sytchev is keeping his "outperform" call on Ag Growth International intact. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $2 boost to $39. Analysts on average target the shares at $35.50. Mr. Sytchev says in a note: "For the shares to recapture their prior all-time highs, the ag cycle needs to be in a much better position and investors need to see consistent FCF, a dynamic that should be improving as the monetization program is being utilized in 2026. That being said, in the world of most names trading at peak multiples potentially on peak profitability, paying a normal multiple, we believe the risk/reward skew here is attractive. ... Farm weakness persists, but 2026E likely to be the trough. As we look forward, we have further pushed out the farm rebound timing to the right as the crop cycle remains in the doldrums and moderated Commercial growth; the positive offsetting NAV factor is that we no longer assume an A/R write-off in our valuation." The Globe reported on Jan. 9 that Raymond James had upgraded Ag Growth to "outperform" from "market perform." It was then worth $28.94.