The Globe and Mail reports in its Friday, Oct. 27, edition that RBC Dominion Securities analyst Tom Callaghan has reaffirmed his "outperform" recommendation for FirstService. The Globe's David Leeder writes in the Eye On Equities column that Mr. Callaghan hiked his share target ahead by $5 (U.S.) to $178 ((U.S.). Analysts on average target the shares at $158.84 (U.S.). Mr. Callaghan says, "The long-term opportunity remains attractive" at FirstService. He believes the company will continue "to perform well." Mr. Callaghan says in a note: "Though Q4 will roll up against a tougher set of growth comps, underlying momentum across both divisions continues. ... Residential momentum continues. Organic growth of 9 per cent (12-per-cent total growth) was driven by new contract wins, as well as incremental service offerings to existing customers. The company noted a continued easing in labour markets (a headwind through the pandemic), which along with continued pricing gains on renewals (circa 3 per cent vs. 1-2 per cent historically) should support organic growth in the mid-to-high single digit range. ... FirstService will provide its 2024 outlook with Q4/23 results next February."