The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Konark Gupta has an unchanged "sector outperform" call on Cargojet. The Globe's David Leeder writes that Mr. Gupta gave his share target a $3 boost to $145. Analysts on average target the shares at $145.83. Mr. Gupta says in a note: "Cargojet is one of our top picks this year. Although the stock has outperformed the most in our coverage universe since the market troughed on Oct. 27, 2023, we expect further upside risk this year, albeit with interim volatility on market gyrations and any short-term profit-taking. Cargojet has been a long-term growth compounder, but growth stalled in 2023 due to tough comps and weakness at some of its domestic/international customers. This year, growth could potentially resume with some recovery in the domestic market and ramp up in the DHL contract, but it is likely to be below the long-term trend due to macro uncertainties and the company's complete exit from the B777 fleet strategy (offset by B767-driven growth). However, Cargojet has become more of a FCF growth story this year as the company plans to add only one aircraft (B767) while monetizing its investments in the previously planned B777 fleet."