The Globe and Mail reports in its Friday, Jan. 23, edition that TD Cowen analyst Sean Steuart has named CCL Industries one of his "top picks." The Globe's David Leeder writes in the Eye On Equities column that Mr. Steuart gave his share target a $5 boost to $105. Analysts on average target the Class B shares at $95. Mr. Steuart says in a note: "Our positive bias is supported by what we view as an attractive valuation. The company's established business model, growth verticals, long-term track record of consistent EPS/FCF growth and strong ROCE (long-term average of 14.6 per cent vs. the peer-group average of 12.9 per cent) are unique in our coverage. ... CCL exited Q3/25 with capital structure flexibility which provides options for returns to shareholders and asset base growth. Trailing net debt/EBITDA was 0.9 times and available liquidity was $2.3-billion. Without building in prospective M&A and/or share repurchases, we forecast that CCL will exit 2026 with a net debt/EBITDA of 0.4 times." The Globe reported on Oct. 18, 2024, and April 21, 2025, that Mr. Steuart had reaffirmed his "buy" recommendation for CCL Industries. The shares could then be had for $83.30 and $68.64.