The Globe and Mail reports in its Friday edition that ATB Capital analyst Chris Murray, in response to a "positive" outlook alongside "strong" quarterly results, hiked his share target for "outperform"-rated Mainstreet Equity by $10 to $170. The Globe's David Leeder writes that Mr. Murray says in a note: "Strong Q4/23 results were driven by lower vacancy rates, M&A activity, and operating leverage, which led to significant NOI growth, notably ahead of ATB estimates. M&A has continued in H2/23, with Mainstreet acquiring 466 doors in Q4/FY23 and Q1/FY24. While Mainstreet announced its first-ever dividend with results, it is nominal and intended to broaden its investor base with the growth-by-acquisition strategy firmly intact. Management issued a constructive outlook for FY2024, highlighted by strong rental conditions in core markets, mark-to-market adjustments, improving stabilization rates, and ongoing consolidation, which we expect to underpin continued NOI growth." The Globe reported on Feb. 16, 2022, that Mr. Murray rated Mainstreet "sector perform." It was then worth $133.16. The Globe reported on July 27, 2023, that Mr. Murray rated Mainstreet "outperform." It was then worth $137.