The Globe and Mail reports in its Thursday edition that RBC analyst Tom Callaghan has reaffirmed his "outperform" call for FirstService. The Globe's David Leeder writes in the Eye On Equities column that Mr. Callaghan boosted his share target by $9 (U.S.) to $187 (U.S.). Analysts on average target the shares at $167.14 (U.S.). Mr. Callaghan says FirstService's $413-million (U.S.) acquisition of a significant controlling interest in Roofing Corp. of America is "strategically sound, and checks a number of boxes." Mr. Callaghan says in a note: "In our minds, the acquisition fits well strategically. In addition, to adding another leg to the brands division, RCA will drive increased levels of essential property services revenue, with the potential to complement the restoration platform over time. As with past acquisitions, we believe FirstService will look to drive mid-single-digit organic growth at RCA, with tuck-in acquisitions (given a large yet fragmented market) serving to augment total annual revenue growth toward 10 per cent. In line with FirstService's partnership philosophy, we are also encouraged to see senior management of RCA will continue to operate the business, and retain the balance of the equity."