The Globe and Mail reports in its Friday, Oct. 6, edition that RBC Capital Markets analyst Maxim Matushansky has reaffirmed his "outperform" recommendation for Celestica. The Globe's David Leeder writes that Mr. Matushansky's share target soared $8 to $30 (all figures U.S.). Analysts on average target the shares $25.67. The Globe says Mr. Matushansky thinks Celestica "stacks up favourably" with the rest of its electronics manufacturing services peer group, seeing it "positioned well for organic growth." Mr. Matushansky says in a note: "Even without the higher level of growth and margins from Celestica's hyperscaler customers seen in 2023, we believe Celestica's discount to peers is unjustified. Our revised $30 price target is based on 12 times calendar 2024 estimated P/E (vs. 8.5 times previously) given Celestica has proven to be a beneficiary of AI-driven data center buildouts, Celestica's improved organic growth profile, and a more downturn-resistant business. Our price target multiple is justified at the peer average given Celestica's greater exposure to the risk of hyperscaler demand slowing offsetting similar margins, similar cash conversion cycles, and higher NTM [next 12-month] EPS growth than peers."