The Globe and Mail reports in its Tuesday, Aug. 15, edition that Scotia Capital's Konark Gupta continues to rate Exchange Income "sector outperform." The Globe's David Leeder writes that Mr. Gupta boosted his share target to $66 from $65. Analysts on average target the shares at $67.14. Mr. Gupta says in a note: "Exchange Income posted continued solid double-digit EBITDA growth, beating expectations, despite year-over-year headwinds at Northern Mat that were offset by growth in other areas. While Northern Mat's year-over-year headwinds peak in Q3, management maintained guidance, which suggests EBITDA growth will remain strong in 2H. Exchange Income continues to target $600-million-plus EBITDA in 2024 and is now eyeing $700-million over time. We have slightly raised our 2024/2025 outlook, reflecting the recent Manitoba medevac contract, and we continue to see further upside risk from potential contracts and/or M&A. In the near term, we think Exchange Income is very likely to raise the dividend within months, given the payout ratio remains low and the last hike was a year ago." The Globe reported on July 20 that RBC had reaffirmed its "outperform" call for Exchange Income when it could be had for $53.45.