The Globe and Mail reports in its Thursday, Sept. 25, edition that Canaccord Genuity analyst Matthew Lee has reaffirmed his "buy" recommendation for Black Diamond Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lee's share target soared $3.50 to $17. Analysts on average target the shares at $15.13. On Monday Black Diamond announced the acquisition of Royal Camp Services. Mr. Lee says in a note: "In our view, not only did this deal make sense strategically, it also provides Black Diamond with $30-million in annual FCF (18-per-cent yield). On the synergies front, we view management's $3-million near-term target as the tip of the iceberg and expect the opportunity for meaningful cost rationalization and utilization improvements as we step into F26. Post-close, we forecast leverage to remain reasonable at 2.2 times, with our estimates suggesting a return to the 1-range by the end of F26. Overall, we view the deal positively and believe that the transaction is congruent with Black Diamond's strategy of acquiring accretively and driving growth." The Globe reported on May 7, 2024, that Mr. Lee had reaffirmed his "buy" call for Black Diamond Group. The shares could then be had for $8.15.