The Globe and Mail reports in its Friday, Jan. 9, edition that Raymond James analyst Steve Hansen has reaffirmed his "strong buy" recommendation for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen gave his share target an $8 boost to $100. Analysts on average target the shares at $88.80. Mr. Hansen says in a note: "We are increasing our target price following news [Thursday] that the company's PAL Airlines (PAL) subsidiary inked a letter-of-intent (LOI) with Air Canada to: 1) extend its existing agreement by an additional four years to 2032; and 2) expand the scope of the contract to include 11 aircraft (vs. six initial). As previously opined, we view this contract as opportunistic, low-risk business that nicely leverages PAL's existing footprint Eastern Canada, and offers attractive, predictable cash flow through its duration." The Globe reported on Oct. 2 that Mr. Hansen had reaffirmed his "strong buy" recommendation for Exchange Income. It was then worth $74.17. The Globe reported on Oct. 10 that RBC Dominion Securities analyst James McGarragle had reaffirmed his "outperform" recommendation for Exchange Income. It was then worth $75.83.