The Globe and Mail reports in its Friday, June 27, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen continues to target the shares at $73. Analysts on average target the shares at $70.55. Mr. Doerksen says in a note: "Exchange Income's aerospace segment accounts for 11 per cent of total company revenue, but it should see some direct benefits over time from Canada's increased defence spending, particularly for the company's PAL aerospace division. Perhaps the bigger opportunity for Exchange Income from higher Canadian defence spending is the indirect impact stemming from expected sizable new investments in infrastructure in the North. Exchange Income airline subsidiaries are already major players supporting northern communities in Nunavut, Manitoba and Labrador, and with the pending acquisition of Canadian North, Exchange Income will expand its reach to the Northwest Territories and additional destinations in Nunavut. Investment in the North will drive additional passenger and air cargo demand for Exchange Income."