The Globe and Mail reports in its Friday, Nov. 17, 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 gave his share target a $5 trim to $65. Analysts on average target the shares at $63.10. Mr. McGarragle says in a note: "Last week we had the opportunity to present to Exchange's board of directors in Arizona and received updates from key business leaders on the company's strategic direction. Overall, we came away positive on the company's outlook and with a better understanding of its culture, which we view as a key driver of its long-term track record. We lower our estimates to reflect headwinds at Northern Mat, in the line with the new 2024 guidance. With expectations reset, we still flag what we view as an attractive growth opportunity and see meaningful value in the shares at current prices." The Globe reported on Aug. 16, 2022, and Oct. 6, 2023, that Mr. McGarragle had reaffirmed his "outperform" recommendation for Exchange Income. The shares could then be had for $48.36 and $45. The Globe reported on Nov. 2, 2023, that TD rated Exchange Income "buy." It was then worth $42.96.