The Globe and Mail reports in its Tuesday, Dec. 23, edition that RBC Dominion Securities analyst Walter Spracklin has reaffirmed his "outperform" recommendation for Mullen Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin continues to target the shares at $17. Analysts on average target the shares at $16.44. Mr. Spracklin says in a note: "Our Q4 EBITDA remains at $85-million, above consensus $84-million as our estimate already reflected a tough freight backdrop in the quarter. We flag uncertainty related to the outlook consistent with recent Canadian PMI readings and our updated 2026 EBITDA estimate of $353-million (from $359-million; cons. $361-million) builds in a continuation of depressed conditions in the first half. We believe management will provide guidance and expect a 2026 EBITDA target of $350-million (a touch below consensus)." The Globe reported on Feb. 14, April 23 and Oct. 24 that Mr. Spracklin had reiterated his "outperform" recommendation for Mullen Group. It was then worth $13.46, $12.46 and $14.35. The Globe reported on Dec. 12 that Desjardins Securities analyst Benoit Poirier had reiterated his "buy" recommendation for Mullen Group when it was trading at $15.75.