The Globe and Mail reports in its Friday, May 15, edition that RBC Capital analyst Drew McReynolds is keeping his "sector perform" call for Quebecor intact. The Globe's David Leeder writes that Mr. McReynolds gave his share target a $4 boost to $64. Analysts on average target the shares at $60.86. Mr. McReynolds says in a note: "Despite strong share price performance driven mainly by multiple expansion (from 6.1 times FTM [forward 12-month] EV/ EBITDA at the beginning of 2025 to eight times currently), we continue to see a reasonable risk-adjusted return profile for the stock. We believe the driver of further upside in the shares from current levels will be primarily NAV growth bolstered by healthy FCF generation and a relatively low payout ratio. While the bar of expectations at current valuation in our view is now notably higher, a more constructive pricing environment (for the most part) combined with steady execution on a variety of tactical initiatives and cost-efficiencies should enable this bar to be met as 2026 progresses." The Globe reported on Dec. 17 and April 10 that Mr. McReynolds had reaffirmed his "sector perform" recommendation for Quebecor. The shares were then going for $51.13 and $53.73.