The Globe and Mail reports in its Tuesday, May 9, edition that Raymond James analyst David Quezada has reaffirmed his "market perform" recommendation for Hydro One. The Globe's David Leeder writes in the Eye On Equities column that Mr. Quezada boosted his share target to $38.50 from $35.50. Analysts on average target the shares at $39.19. Mr. Quezada says Hydro One posted "strong" first quarter results. As a result, he continues to see Hydro One as one of the "highest-quality companies" in his energy infrastructure coverage universe, pointing to its "strong five-year earnings guidance, low earnings volatility and a variety of large-scale, longer-term opportunities." The Globe reported on April 10 that BMO analyst Ben Pham had reiterated his "outperform" recommendation for Hydro One when it could be had for $39.84. The Globe reported on April 20 that Wells Fargo analyst Neil Kalton had lowered his recommendation for Hydro One to "equal weight" from "overweight," citing its valuation. The shares could then be had for $39.75.