The Globe and Mail reports in its Friday, Oct. 20, edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Park Lawn. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry gave his share target a $2 trim to $30. Analysts on average target the shares at $29.75. The Globe says Mr. Landry sees Park Lawn's plan to divest of a portfolio of low-margin cemeteries and funeral homes south of the border for $70-million (U.S.) as a "significant transaction." Mr. Landry says in a note: "The purchase price represents an approximately eight times TTM [trailing 12-month] adjusted EBITDA multiple. Assuming the assets divested had limited growth potential and margin upside, we view the valuation received as appealing. It is certainly supportive of Park Lawn's current valuation, which stands at 8.1 times on a forward basis. It also points to valuation upside on the company's remaining assets which theoretically have a higher margin profile, potentially stronger growth prospects and higher cash generation." The Globe reported on Aug. 15 that Mr. Landry had reaffirmed his "buy" recommendation for Park Lawn when it could be had for $23.19, or $5.46 ahead of Friday's close.