The Globe and Mail reports in its Tuesday, March 12, edition that BMO Capital analyst Michael Markidis has reaffirmed his "outperform" recommendation for Minto Apartment REIT. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Markidis raised his unit target on Minto Apartment to $19 from $17. Mr. Markidis boosted his unit target in the wake of stronger-than-expected fourth quarter results. He says improvement in the company's balance sheet should allow for stronger earnings growth this year. Mr. Markidis says in a note, "We believe 2024 will be characterized by (1) continued strong operational performance, (2) improved earnings growth, and (3) enhanced balance sheet flexibility." 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, and March 8, 2024, that Scotia Capital analyst Mario Saric had bumped his target for Minto units to $18.75 from $18.50 in the first item and then to $19.50 in the second item. In both items Mr. Saric maintained his recommendation at "sector perform." Minto was then worth $16.31 and $17.19.