The Globe and Mail reports in its Wednesday, Oct. 29, edition that Desjardins Securities analyst Brent Stadler is keeping his "top pick" recommendation for Boralex intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stadler cut his Street-high share target to $43 from $45. Analysts on average target the shares at $38. Mr. Stadler anticipates a tougher quarter for the weather resources industry, leading to a reduced forecast for Boralex. However, he views the company as "very attractively valued." Mr. Stadler says in a note: "We are trimming our forecast by further reducing our generation assumptions. In our view, Boralex trades at a massive discount to NAV and at very attractive levels compared with recent peer transaction multiples, with a weather-driven tougher Q3 already priced in. ... Our $43 target at a conservative 2026E EBITDA implies an attractive 11.7-times multiple. Further, we believe Boralex trading at 9.8 times on conservative 2026 estimates is a very attractive entry point for a high-quality onshore renewables platform." The Globe reported on June 19 that Mr. Stadler called Boralex his "top pick." The shares could then be had for $32.66.