The Globe and Mail reports in its Friday edition that National Bank Financial analyst Cameron Doerksen is sticking with his "outperform" recommendation for Chorus Aviation. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a 25-cent trim to $3.75. Analysts on average target the shares at $3.79. Following the recent completion of the sale of its leasing business and subsequent deleveraging transactions, Chorus Aviation is now "a much simpler business," says Mr. Doerksen, who thinks it should now be "a steady generator of free cash flow with shareholder value generation through ongoing share buybacks and potentially acquisitions in the aviation services sector." Mr. Doerksen says in a note: "We forecast that Chorus will generate $111-million in free cash flow in 2025 (for a FCF yield of 20 per cent). The company has been active with its NCIB recently (900,000 shares repurchased at an average price of $3/share under the current NCIB that began mid-November 2024), and we see the potential for the company to pursue M&A with a focus on related aviation services businesses that would fit with its Voyageur Aviation subsidiary. Our forecast does not assume any M&A."