The Globe and Mail reports in its Friday edition that RBC Capital Markets analyst James McGarragle has reaffirmed his "outperform" recommendation for Exchange Income. The Globe's David Leeder writes that Mr. McGarragle cut his share target back by a loonie to $70, beating the consensus by a nickel. The Globe says Mr. McGarragle expects Exchange Income's upcoming Investor Day event will focus on its growth avenues, particularly its window solutions and aerospace segments, which he views as "well positioned for meaningful growth into 2024 and 2025." He says, "Key is that we believe Exchange's growth profile provides a solid long-term investment opportunity, not fully priced into the shares at current levels in our view." Following Thursday's announcement of its $60-million acquisition of tuck-in acquisition of DryAir, Mr. McGarragle raised his 2023 earnings before interest, taxes, depreciation and amortization projection by $3-million to $571-million with his 2024 and 2025 estimates rising $11-million and $12-million to $672-million and $720-million. ... We see opportunity for a rerate given Exchange Income's resiliency in the current macro backdrop as well as due to the company's significant growth opportunity."