The Globe and Mail reports in its Thursday, Oct. 19, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation for Parkland. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar gave his share target a $2 boost to $45. Analysts on average target the shares at $44.96. The Globe says Mr. Shreedhar sees Parkland's "diversified business model driving growth." The National Bank stockpicker says in a note: "We project Canada segment fuel volumes to be higher year-over-year, reflecting same store volume growth, as well as acquisition contribution. We expect U.S. segment volumes to be lower year-over-year due to Parkland's decision to limit its spot wholesale activities. Recall, management expects growth in retail and commercial operations to outpace refinery. Since 2018, we calculate that Parkland's marketing business will deliver an EBITDA CAGR [compound annual growth rate] of 21 per cent, above refining at 3.8 per cent (adjusted). ... We reiterate our positive view on Parkland's current strategy. ... PKI trades at seven times our NTM [next 12-month] EBITDA, below the five-year average of eight times."