The Globe and Mail reports in its Friday, Feb. 16, edition that BMO Capital analyst Michael Markidis is sticking with his "market perform" call on RioCan REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Markidis elevated his unit target to $19 from $18.50. Analysts on average target the units at $21.53. Mr. Markidis says in a note: "Operating performance should remain healthy even if leasing demand moderates, as new supply of high-quality retail space in core markets remains limited. Capital spending is moderating as RioCan increasingly prioritizes debt reduction in a persistently high and volatile interest rate environment." The Globe reported on Oct. 25, 2022, and Jan. 30, 2024, that National Bank Financial analyst Matt Kornack continued to rate RioCan REIT "outperform." The units were then going for $18.78 and $18.58. The Globe reported on Dec. 22, 2023, that RBC Dominion Securities had reaffirmed its "outperform" recommendation for RioCan REIT when it was worth $18.38.