The Globe and Mail reports in its Friday, Jan. 23, edition that Desjardins Securities analyst Gary Ho has reaffirmed his "buy" recommendation for Exchange Income. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho gave his share target a $15 boost to $102. Analysts on average target the shares at $96.57. Mr. Ho says in a note: "We refreshed our estimates to bake in the recent Air Canada contract expansion, which will increase the fleet by four aircraft. While we do not anticipate new updates on Exchange Income's Australia ISR RFP, other ISR opportunities could materialize in 2026, particularly given geopolitical tensions. As a result, we raised our A&A valuation multiple. After increasing our estimates and rolling our valuation forward." The Globe reported on July 4 that Mr. Ho rated Exchange Income "buy" in new coverage. The shares were then going for $64.72. The Globe reported on Jan. 9 that Raymond James analyst Steve Hansen had reaffirmed his "strong buy" recommendation for Exchange Income. It was then worth $88.71. The Globe reported on Jan. 20 that TD Cowen analyst Tim James continued to rank Exchange Income "buy." It was then worth $93.38.