The Globe and Mail reports in its Friday, Aug. 15, edition that TD Cowen analyst Derek Lessard is keeping his "buy" call on K-Bro Linen intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lessard gave his share target a $5 boost to $55. Analysts on average target the shares at $50.67. Mr. Lessard says in a note: "K-Bro Linen shares are up 4 per cent following the strong Q2 results and improved margin outlook. However, the stock is still significantly undervalued at 8.1 times forward consensus EBITDA (less than 5-year average of 8.7 times) in our view, considering the normalized operating environment, steady demand in both healthcare and hospitality, and potential upside stemming from product expansion and new bidding opportunities." The Globe reported on March 25 that Mr. Lessard had reiterated his "buy" ranking for K-Bro Linen. The shares could then be had for $34.62. The Globe reported on June 3 that Raymond James analyst Michael Glen had reaffirmed his "outperform" recommendation for K-Bro Linen. The shares were then going for $34.68. The Globe reported on June 13 that Mr. Lessard had reaffirmed his "buy" rating for K-Bro Linen. It was then worth $35.65.