The Globe and Mail reports in its Friday, Nov. 14, edition that Raymond James analyst Stephen Boland has reaffirmed his "strong buy" recommendation for Element Fleet Management. The Globe's David Leeder writes in the Eye On Equities column that Mr. Boland hiked his share target to $41 from $40. Analysts on average target the shares at $43.76. Mr. Boland says in a note: "Element reported 3Q25 adjusted EPS of 33 U.S. cents, below RJL at 36 U.S. cents. Net revenue in 3Q25 grew 10 per cent from 3Q24. Overall, revenue increased due to strong growth across all three revenue segments. The decision to delay syndication volumes into 2H25 resulted in an elevated yield for the quarter, which in turn supported syndication revenue. Notably, within the North American fleet, the percentage of multi-service vehicles under management remained steady at 79 per cent. Management kept 2025 guidance unchanged and expects to meet or exceed targets for all metrics except originations. 2026 guidance is expected to be delivered with 4Q25 results. We see catalysts for growth ahead, including new funding initiatives, margin expansion via disciplined control of expense growth and an active NCIB. The strategy is playing out as expected."