The Globe and Mail reports in its Thursday edition that National Bank analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for Cargojet. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $3 trim to $120. Analysts on average target the shares at $142.93. Mr. Doerksen says in a note: "We believe that Q3 volume trends were broadly consistent with what Cargojet experienced in Q2. In late September, the main labour union at Canada Post launched a full national strike that has since reverted to rotating strikes. The same union held a national strike in Q4/24 with the volume impact for Cargojet modest, and we expect a similar outcome with the current situation. The majority of any lost package volumes from Canada Post will likely shift to other parcel carriers who are also Cargojet customers, although some letter mail-related volumes and revenue could be impacted." The Globe reported on Oct. 18, 2024, and Jan. 22, 2025, that Mr. Doerksen had reaffirmed his "outperform" recommendation for Cargojet. In the first item, Mr. Doerksen said, "Cargojet has benefitted from the increased demand for e-commerce." The shares were then going for $138.75 and $121.38.