The Globe and Mail reports in its Thursday, Nov. 6, edition that TD Cowen analyst Tim James is keeping his "buy" call on FirstService intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. James gave his share target a $2 trim to $211 (all figures U.S.). Analysts on average target the shares at $202.33. Mr. James says in a note: "A review and implementation of full Q3 financial disclosure reveals limited impact to our target and supports our view of the attractive entry point created by 1) Q3 results that fell slightly shy of expectations and 2) the small downward revision to 2025 guidance which reflects external factors that are expected to give way to stronger growth in 2026. Long-term earnings potential unchanged. The current valuation no longer reflects our positive view of the business, growth opportunities and risk profile. FirstService is trading at 14.2 times/26.3 times forward EBITDA/EPS, a 0.6-times discount/2.5-times premium to comps vs. the trailing three-year average premium of 4.6 times/7.2 times. Our target assumes modest multiple expansion and 5-per-cent/11-per-cent EBITDA/EPS growth relative to forward four quarters."