The Globe and Mail reports in its Friday, July 21, edition that BMO Nesbitt Burns analyst John Gibson has reaffirmed his "market perform" recommendation for Mullen Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Gibson gave his share target a 50-cent boost to $16. Analysts on average target the shares at $17.02. Mr. Gibson says in a note: "On its conference call, management reiterated that consumer demand remains strong, although inventory management has caused the biggest impact to financial results in 1H/23. Pending consumer demand holds, we believe a fairly significant restocking of inventories could occur toward year-end 2023 or early-2024. If/when this occurs, Mullen's financial performance holds significant torque, particularly as pricing moves higher. We aren't seeing this quite yet, although the tipping point is coming into view. Additionally, we expect the company could see some modest short-term impacts from the ongoing Vancouver port dispute." Mr. Gibson thinks Mullen will likely exceed its full-year 2023 guidance of $2-billion in revenue and $300-million in earnings before interest, taxes, depreciation and amortization, which was reiterated on Thursday.