The Globe and Mail reports in its Friday, June 23, edition that National Bank Financial analyst Cameron Doerksen is sticking with his "outperform" call on Mullen Group. The Globe's David Leeder writes in the Eye On Equities column that as well, Mr. Doerksen is keeping his $19 share target. Analysts on average target the shares at $16.73. While freight markets are "still tough," Mr. Doerksen thinks Mullen Group's outperformance is likely to continue. The National Bank stockpicker says in a note: "Mullen Group has performed well relative to its peers so far this year as economic growth in Western Canada, where the company is more exposed, is expected to outpace the broader Canadian economy in 2023. ... We expect Mullen to continue to be active on the M&A front through the remainder of the year as management indicates that its pipeline of targets is full. This is consistent with the message from TFI International management in our investor meetings last week in which it noted that this is the best M&A environment the company has seen in a long time. Mullen has also been active on its NCIB this year, repurchasing 1.8 million shares so far in Q2 after repurchasing 2.2 million shares in Q1."