The Globe and Mail reports in its Thursday edition that ATB Capital's Tim Monachello continues to rate Mattr "outperform," with an unchanged $23.25 share target. The Globe's David Leeder writes that analysts on average target the shares at $22.96. While Mr. Monachello expects Mattr's first quarter to be "modestly weaker" than the end of the last fiscal year, he thinks it will represent a long-term earnings before interest, taxes, depreciation and amortization floor as it "breaks through transitory headwinds and catches medium-term tailwinds from in-flight capacity additions that should be commissioned beginning in H2/24." Mr. Monachello resumed coverage of Mattr on Wednesday following a $175-million offering of unsecured 7.25-per-cent notes maturing in 2031 that will replace its $150-million 9-per-cent 2026 issue. He calls the refinancing positive as it "secured a materially lower fixed cost of debt as it embarks on its ambitious growth trajectory to organically double revenue through 2030." He adds, "In terms of shareholder returns, we understand Mattr intends to renew its NCIB when it is eligible in June, 2024, and continue to be active in its share repurchase program at perhaps a $10-million-per-quarter clip."