The Globe and Mail reports in its Friday edition that CIBC's Kevin Chiang is keeping his "neutral" call for Mullen Group intact. The Globe's David Leeder writes that Mr. Chiang gave his share target a 50-cent boost to $16. Analysts on average target the shares at $15.50. Mr. Chiang says in a note: "In Q1/20, Mullen Group shifted its reporting format to three new segments -- Less-Than-Truckload (LTL), Logistics & Warehousing (L&W) and Specialized & Industrial Services (S&I). Subsequently, it added a fourth pillar, the U.S. and International Logistics segment, on the back of its acquisition of HAUListic back in 2021. As Mullen noted back in early-2020, the change in the segment reporting structure more accurately reflected its strategic direction. In this report, we evaluate Mullen's big push to grow its LTL network. Our main takeaway is that this has proven to be the correct strategy. We have increased our price target to reflect Mullen's recent acquisition of B&R. We have a positive long-term outlook on Mullen." The Globe reported on April 20, 2021, Dec. 5, 2021, and Dec. 10, 2021, that Mr. Chiang had reaffirmed his "outperformer" rating for Mullen when it was worth $13.54, $11.03 and $11.76.