The Globe and Mail reports in its Tuesday, Nov. 14, edition that Raymond James analyst Brad Sturges has elevated his recommendation for Parkit Enterprise to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Sturges trimmed his target for the Toronto-based industrial real estate company, which is focused on parking assets, to 60 cents from 70 cents. Analysts on average target the shares at 92 cents. Mr. Sturges cites the company's "deep" net asset value per share discount and its "attractive" 9.6-per-cent implied cap rate valuation for his rating upgrade. Mr. Sturges says in a note, "While transitional vacancy is expected at certain locations, we are forecasting that Parkit could achieve over 100-per-cent rent releasing spreads for its 2024 lease renewal and replacement activity." The Globe reported on Nov. 2, 2022, that Mr. Sturges began coverage on Parkit Enterprise with a "market perform" recommendation and a $1.10 share target. The shares could then be had for 95 cents. The Globe reported on Nov. 19, 2022, that Scotia Capital analyst Himanshu Gupta had reaffirmed his "sector perform" call on Parkit Enterprise. The shares could then be had for $1.04.