The Globe and Mail reports in its Thursday, May 7, edition that Raymond James analyst Stephen Boland is keeping his "outperform" recommendation for Propel Holdings intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Boland cut his share target back by a loonie to $31. Analysts on average target the shares at $29.25. Mr. Boland says in a note: "We continue to view Propel as a disciplined underwriter, with its AI-driven platform enabling dynamic risk management and underwriting adjustments. The business is benefiting from a tightening industry credit supply environment which is driving incremental demand. Also, ongoing diversification across products, geographies and funding structures reduces concentration risk. Multiple growth vectors, including LaaS, Freshline and international expansion, should support sustained growth." The Globe reported on Nov. 6 that Scotia Capital analyst Phil Hardie continued to rate Propel Holdings "sector outperform." The shares could then be had for $21.68. The Globe reported on Dec. 5 that Stifel analyst Suthan Sukumar rated Propel Holdings "buy" in new coverage. The shares were then going for $26.60.