The Globe and Mail reports in its Tuesday, Jan. 13, edition that RBC Dominion Securities analyst James McGarragle is sticking with his "outperform" recommendation for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. McGarragle jacked is share target up by $9 to $103. Analysts on average target the shares at $90.83. Mr. McGarragle says in a note: "We lower our 2026 manufacturing EBITDA estimates to reflect the weaker industrial backdrop consistent with recent Canadian PMI readings offset by an increase in aerospace EBITDA given recent contract wins resulting in our unchanged consolidated EBITDA of $856-million in line with consensus of $856-million. Our blended target multiple moves to 8.4 times (from 7.8 times) to reflect defence spending tailwinds."