The Globe and Mail reports in its Wednesday, Aug. 16, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "sector perform" recommendation for Cargojet. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $2 boost to $119. Analysts on average target the shares at $144.33. While Cargojet displayed "solid cost control" during its second quarter, Mr. Doerksen is maintaining a neutral stance. Mr. Doerksen says in a note: "Although the current share price offers upside to our target, with the broader air freight market indicators still mostly negative and investor sentiment around air cargo-related stocks likely to remain challenging, we do not see a catalyst for the share price to move materially higher in the short-term. ... We remain positive on Cargojet's longer-term growth prospects as we do expect a resumption in secular growth in e-commerce volumes once the market fully re-sets from the unsustainable growth seen during the pandemic years. ... We expect Cargojet to protect margins through cost controls and through the consolidation of flights within its domestic network. Valuation is also reasonable."