The Globe and Mail reports in its Thursday, Aug. 10, edition that Raymond James analyst Michael Glen has reaffirmed his "outperform" recommendation for K-Bro Linen. The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen gave his share target a $2.50 boost to $40. Analysts on average target the shares at $39.32. Mr. Glen says in a note: "K-Bro's 2Q results came in ahead of our expectations, with a combination of early-year price increases coupled with easing/stabilization on several important cost buckets -- most notably: labour, linen, utilities and transportation helping to boost margins. The results represent a continuation of the positive trend seen in 1Q23, and are an important inflection from a challenging 2022, where K-Bro saw several quarters of headwinds related to the timing of price increases (typically associated with CPI clauses and minimum wage) and actual market costs." The Globe reported on March 24 that Raymond James analyst Michael Glen's recommendation for K-Bro Linen had fallen to "outperform" from "strong buy." He issued the downgrade after the company posted fourth quarter results that missed his expectations. The shares could then be had for $27.70.