The Globe and Mail reports in its Thursday, Nov. 9, edition that National Bank Financial analyst Zachary Evershed is keeping his "outperform" recommendation for Park Lawn intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Evershed slashed his share target by $9 to $22. Analysts on average target the shares at $28.44. The Globe says Mr. Evershed sees "compelling value" in Park Lawn. The National Bank stockpicker adjusted his estimates for Park Lawn to account for the recently announced divestiture of legacy assets south of the border, including 72 cemeteries and 11 funeral homes, to Everstory Acquisition Portfolio in a transaction valued at about $70-million. Mr. Evershed says in a note: "We remove the estimated contribution of MMG, Saber and Citadel from our model as of year-end, leaving our 2024 revenue estimate lighter by $54-million and our adjusted EBITDA forecast trimmed by $8.5-million. We view the announcement positively as the company was able to secure an eight times multiple on a basket of what is likely their least attractive assets, being made up of primarily rural, smaller properties that operate at lower margins, which should set a valuation floor in the stock."