The Globe and Mail reports in its Friday, Sept. 8, edition that BMO Nesbitt Burns analyst Ben Pham has reaffirmed his "outperform" call on Hydro One. The Globe's David Leeder writes that Mr. Pham continues to target the shares at $42. Analysts on average target the shares at $39.04. Mr. Pham says he has elevated Hydro One to his "Top 5 Best Idea" roster with 21-per-cent potential total return. Mr. Pham says in a note: "While the shares trade at a 15-per-cent premium to the utility group average (2025 estimates), we believe the premium is justified and will be sustained as we anticipate positive revisions to the 5- to 7-per-cent EPS CAGR guidance through 2027 (likely by 1H/24E), asset quality is strong (99-per-cent regulated and 100-per-cent electric), the capital investment program is self-funded, regulatory risk is limited, and payout ratio is below long-term average (65 per cent 2023 vs. 70-80-per-cent target)." The Globe reported on April 10 that Mr. Pham had reiterated his "outperform" recommendation for Hydro One when it could be had for $39.84. The Globe reported on May 9 that Raymond James analyst David Quezada had reaffirmed his "market perform" call for Hydro One, which was then worth $39.36.