The Globe and Mail reports in its Friday edition that Citi analyst Jason Gursky has reaffirmed his "neutral" recommendation for MDA. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gursky boosted his share target by $1.75 to $12.75. Analysts on average target the shares at $13.79. Mr. Gursky says MDA is "quickly transforming into an execution-driven story." Mr. Gursky says in a note: "The company has demonstrated that it can chase and win business, so it now needs to also demonstrate that it can profitably execute on that work. Others in the industry have struggled of late with firm fixed price development programs, so it'll be key for investors to closely monitor progress. ... Risk/reward appears balanced at current levels." On Wednesday, MDA reported revenue of $204.7-million for the quarter, up 19 per cent year-over-year and above the Street's expectation of $195.2-million driven by gains in its Satellite Systems and Robotics & Space Operations businesses. Adjusted earnings before interest, taxes, depreciation and amortization of $42.8-million was a gain of 10 per cent and also topped the consensus estimate ($35.7-million) as the company saw higher volumes across its businesses.