The Globe and Mail reports in its Friday, Feb. 16, edition that Desjardins Securities analyst Kyle Stanley has reaffirmed his "buy" recommendation for Minto Apartment REIT. The Globe's David Leeder writes that Mr. Stanley boosted his unit target to $19.50 from $16.50. Analysts on average target the units at $18.89. Mr. Stanley says in a note: "As investors look to position ahead of potential central bank interest rate cuts later in 2024, our preferred asset class remains multifamily. More specifically, Minto Apartment is poised to benefit from robust rental fundamentals, a healthy organic growth profile, potential external growth opportunities and interest expense tailwinds." The Globe reported on June 17, 2021, that Mr. Stanley said Minto Apartment was one of his best ideas. He rated Minto "buy" with a $26 unit target. The units could then be had for $23.35. The Globe reported on Dec. 22, 2023, that RBC had reaffirmed its "outperform" recommendation and $20 unit target for Minto. It was then worth $16.17. The Globe reported on Jan. 11, 2024, that Scotia Capital analyst Mario Saric bumped his target for its units to $18.75 from $18.50 with a "sector perform" rating. Minto was then worth $16.31.