The Globe and Mail reports in its Tuesday, Aug. 12, edition that RBC Capital analyst Ryland Conrad continues to rate Leon's Furniture "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryland nudged his share target ahead by $2 to $35. Analysts on average target the shares at $33.54. Mr. Ryland says in a note: "We believe Leon's is positioned to deliver steady capital appreciation, enhanced capital returns and strategic optionality leaning on: (I) market-leading positions in the furniture and appliance categories bolstered by a national retail network and strong brand equity (Leon's, The Brick); (ii) its vertically integrated ecosystem and ancillary businesses that are growth and margin accretive; (iii) a solid balance sheet (0.5 times net debt/EBITDA) and healthy FCF generation ($2 per share for 2025E); and (iv) M&A and/or real estate optionality with 5.6 million square feet of owned real estate. At 6.5 times FTM [forward 12 month] EV/EBITDA versus a historical range of four to 11 times and retail peers at nine times, we believe current levels represent an attractive accumulation opportunity."