The Globe and Mail reports in its Tuesday edition that following Stella-Jones's Investor Day event, Scotia Capital analyst Benoit Laprade reaffirmed his "sector outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that Mr. Laprade raised his share target for Stella-Jones to $70 from $64. Analysts on average target the shares at $70.71. Mr. Laprade says in a note: "After achieving its 2022-2024 objective of $3-billion in sales early (TTM [trailing 12-month] sales of $3.1-billion in Q1/23), management now expects revenues to exceed $3.6-billion by 2025, solely on the back of organic growth (5.5-per-cent CAGR from 2022), and an EBITDA margin of 16 per cent (compared to previous 2022-2024 guidance of 15-per-cent-plus and 14.6 per cent in 2022). This implies 2025 EBITDA of $576-million-plus (8.7-per-cent CAGR from 2022). The company expects to return $500-million-plus to shareholders over the period, while maintaining a net-debt to EBITDA ratio of between two times and 2.5 times (in the absence of acquisitions). We believe the company's target are achievable." The Globe reported on March 13 that CIBC analyst Hamir Patel rated Stella-Jones "outperformer." It was then worth $53.48.