The Globe and Mail reports in its Tuesday, March 19, edition that Raymond James analyst Steven Li has reaffirmed his "outperform" recommendation for Quarterhill. The Globe's David Leeder writes in the Eye On Equities column that Mr. Li bumped his target ahead to $2.25 from $1.80. Analysts on average target the shares at $2.21. Mr. Li says in a note: "Solid 4Q revenue and an A-EBITDA beat. R&D investment and temporary dip in gross margin before projects going into operational phase will keep a lid on A-EBITDA margin near-term. Fundamentals are improving, and we like the strategy toward stronger software mix with the acquisition of Red Fox." The Globe reported on March 24 that Canaccord Genuity analyst Doug Taylor had reiterated his "hold" call for Quarterhill. He gave his share target a 25-cent trim to $1.50. In the item, Mr. Taylor said, "We continue to view Quarterhill as a 'show me' story, particularly as the search for a new CEO adds to the uncertainty." The shares could then be had for $1.40.