The Globe and Mail reports in its Wednesday, Oct. 29, edition that National Bank Financial analyst Zachary Evershed has reaffirmed his "sector perform" recommendation for Richelieu Hardware. The Globe's David Leeder writes that Mr. Evershed's share target soared $5.50 to $40.50. Analysts on average target the shares at $36. Mr. Evershed reassessed valuations for housing-exposed building materials companies, predicting stronger performance in Canada and a stagnant U.S. market from 2025 to 2026, with a slight uptick possible later in 2026. Mr. Evershed says in a note: "We thought it timely to update our prior work on housing factors and their correlation to our coverage's organic growth rates, as during our last analysis in 2023, we noted a spike in regression residuals complicating signal extraction (owing to exogenous macroeconomic shocks spurred by the pandemic). While one could argue the aftereffects of the pandemic are still being felt, and acknowledging the current market is not without its own shocks, we repeat the statistician's aphorism: all models are wrong, but some are useful." The Globe reported on April 15 that Mr. Evershed continued to rate Richelieu Hardware "sector perform." It was then worth $32.88.