The Globe and Mail reports in its Thursday, April 10, edition that Raymond James's Steve Hansen commenced coverage of Toronto's Firan Technology Group, which manufactures and sells aerospace and defence electronic products and subsystems, with an "outperform" ranking and a $10 share target. The Globe's David Leeder writes that analysts on average target the shares at $11.17. Mr. Hansen says in a note: "In short, we believe Firan is well-positioned to deliver outsized revenue and earnings growth throughout our forecast horizon based upon the company's unique competitive position, proven track record and strong macro tailwinds. Firan is currently enjoying robust momentum across all three of its key end-markets (commercial aviation, business aviation, defence). As demonstrated herein, this momentum is reflected in deep, multi-year backlogs across the world's largest OEMs, including Airbus, Boeing, Bombardier, COMAC and Gulfstream, just to name a few. Global defence spending has also proven robust given the volatile geopolitical backdrop that includes conflicts on multiple continents. ... We believe Firan is in the early innings of a long-term growth plan that will benefit from both organic and acquisitive growth."