The Globe and Mail reports in its Thursday, April 11, edition that Scotia Capital analyst Konark Gupta thinks valuations for Canadian aerospace and defence companies remain "attractive" heading into first quarter earnings season. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gupta has reaffirmed his "sector outperform" recommendation for MDA. Mr. Gupta raised his share target to $18.50 from $17.50. Analysts on average target the shares at $16. Mr. Gupta says in a note, "MDA remains our top idea in the group, given its significant multiyear growth potential and upcoming order catalysts, although we have low expectations from Q1." The Globe reported on Nov. 12 and Aug. 18 that Citi analyst Jason Gursky had reaffirmed his "neutral" recommendation for MDA. The shares could then be had for $10.25 and $12.04. The Globe reported on Aug. 15 that RBC Capital analyst Ken Herbert had reiterated his "outperform" recommendation for MDA. The shares were then worth $10.47. The Globe reported on Jan. 23 that Mr. Gupta was sticking with his "sector outperform" recommendation for MDA. The shares were then going for $11.41.