The Globe and Mail reports in its Friday, June 16, edition that National Bank Financial analyst Cameron Doerksen is sticking with his "outperform" recommendation and $67 share target for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $66.65. Mr. Doerksen resumed coverage on Exchange Income following the completion of a $173-million equity offering. The Globe says Mr. Doerksen thinks Exchange Income has "excellent visibility on organic growth and the proceeds from the financing will be deployed toward supporting recently won new business." Mr. Doerksen says in a note: "PAL Airlines signed an agreement in late May to operate up to six Dash 8-400 turboprops on behalf of Air Canada, which will require an initial $75-million capital outflow but will provide PAL with guaranteed revenue and cash flow streams over the next five years. Carson Air was recently awarded a 10-plus year contract to provide all the fixed wing medevac coverage for the Province of British Columbia. The contract will require a $200-million investment in new aircraft with the full financial impact to Exchange Income likely not being felt until 2025."