The Globe and Mail reports in its Friday, April 28, edition that Canaccord Genuity analyst Matthew Lee is sticking with his "buy" call on Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lee elevated his share target to $66 from $64. Analysts on average target the shares at $63.45. Mr. Lee says in a note: "Exchange Income shares have remained relatively flat since reporting December quarter results. The company has started the year strongly, deploying $138-million in capital to acquire BVGlazing Systems Ltd. and Hansen Industries, two businesses that fit nicely with its current suite of assets. We expect the firm to continue pursuing acquisitions as economic softness and rising rates depress private company valuation multiples. Our estimates for the quarter are raised to account for the two new assets, with our underlying expectations steady. We remain bullish on the airline segment as leasing revenues begin to recover while part sales remain strong. Given the company's solid growth profile, cash flow generation, and 4.8-per-cent dividend yield, we maintain our 'buy' rating. We have increased our target after incorporating the accretive acquisitions in the quarter."