The Globe and Mail reports in its Thursday edition that Eight Capital analyst Adhir Kadve thinks the decision by Propel Holdings to raise its dividend for a third time since its 2021 initial public offering "displays management's confidence in its business and its ability to execute on key growth and profitability initiatives moving forward." The Globe's David Leeder writes that Mr. Kadve continues to rate Propel "buy." Mr. Kadve's share target soared ahead by $5 to $20. Analysts on average target the shares at $16.40. Mr. Kadve says in a note: "We see the company's seasonally strong Q4/F23 print as an upcoming catalyst, where we will be looking for ongoing execution. ... We continue to expect strong 30-per-cent year-over-year growth into F24 largely led by ongoing demand from consumers for credit. Further, we also see contributions from both the Canadian FORA rollout and the company's LaaS partnership. Given Propel's strong underwriting posture, we expect a continued decline in PCL's, which plays an important role in achieving profitable growth, with these dynamics continuing into our F25 estimates." The Globe reported on June 28 that Mr. Kadve had kept his "buy" call for Propel intact when it was worth $7.25.