The Globe and Mail reports in its Thursday edition that Desjardins Securities analyst Gary Ho sees "tailwinds building beyond guidance" for Exchange Income ahead of the release of its financial report on Aug. 11 after the bell. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ho boosted his share target to $135 from $120. Analysts on average target the shares at $134.91. Mr. Ho says in a note: "Our 2026 estimated EBITDA of $882-million sits slightly above Exchange Income's $825 million to $875-million guidance. We see limited risk from fuel price fluctuations (surcharge pass-through) or wildfires, and see upside from wins outside current guidance, tuck-in M&A and mats/data centre demand." Mr. Ho is now projecting revenue for the quarter of $922-million, a 28.1-per-cent gain year-over-year and above the Street's forecast of $913-million. His adjusted earnings before interest, taxes, depreciation and amortization estimate of $216-million is a jump of 21.6 per cent and matches the consensus. The Globe reported on Jan. 20 that TD Cowen ranked Exchange Income "buy." It was then worth $93.38. The Globe reported on Jan. 23 that Mr. Ho continued to rate Exchange Income "buy." It was then worth $96.95.