The Globe and Mail reports in its Friday, March 13, edition that TD Cowen analyst Derek Lessard has reaffirmed his "hold" call on Dorel Industries. The Globe's Darcy Keith writes that Mr. Lessard soared 75 cent to $2.25. Mr. Lessard says in a note: "Q4 results told a familiar two-part story. Juvenile delivered healthy results (revenue 7 per cent y/y) while the downsizing of the home segment continued. Recall that the recent financing grants the company some breathing room to execute on its plan to monetize the juvenile business, which is showing significant improvement (and supported by these results) and reposition the home segment. ...
In the current environment, tariffs and the ongoing restructuring program are challenging our forecasting ability, particularly in the home segment. That said, we've adjusted our model for Q4 results and lowered our H1/26 Home estimates modestly (i.e. reflecting a more gradual improvement in profitability in 2026)." The Globe reported on May 14 that Mr. Lessard was keeping his "sell" call on Dorel Industries intact. It was then worth $1.84. The Globe reported on Oct. 10 that Mr. Lessard had hiked his call for Dorel Industries to "hold" from "sell." It was then worth $2.01.
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