The Globe and Mail reports in its Thursday, Feb. 1, edition that RBC Dominion Securities analyst Maxim Matushansky has reaffirmed his "outperform" recommendation for Celestica. The Globe's David Leeder writes in the Eye On Equities column that Mr. Matushansky raised his share target by $5 to $38 (all figures U.S.). Analysts on average target the shares at $38.33. Mr. Matushansky says in a note: "Our price target multiple is justified at near the EMS 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. We believe that as the market gains more comfort as to the sustainability of hyperscaler revenue, Celestica has the potential to trade near the high end of the EMS peer group or closer to the ODM peer group. ... While our longer term concerns around the electronics manufacturing industry and Celestica's potential long-term growth rate and margins remain, we believe the secular growth in hyperscaler spending and potential for further guidance raises provide a catalyst for the valuation to further increase as compared to peers."