The Globe and Mail reports in its Tuesday, Oct. 31, edition that TD Securities analyst Linda Ezergailis is sticking with her "buy" call on Fortis. The Globe's David Leeder writes in the Eye On Equities column that Ms. Ezergailis lowered her share target by $3 to $61. Analysts on average target the shares at $57.25. Ms. Ezergailis says in a note: "With a number of recent significant regulatory decisions behind Fortis, solid year-to-date results and the pending proceeds from the Aitken Creek sale, in our view, the company is well positioned to execute on its capital program. With Fortis's growth largely driven by utility energy infrastructure investments in North America, this should support the company's 4- to 6-per-cent dividend CAGR target through 2028. We continue to view Fortis as a core holding as the largest, highly regulated, investor-owned utility in Canada. We believe that investors will find the company's low-risk and utility dominated business model attractive over the long-term." The Globe reported on Jan. 7, 2022, that Ms. Ezergailis downgraded Fortis to "buy" from "action list buy." Fortis shares could then be had for $59.44.