The Globe and Mail reports in its Wednesday, Sept. 27, edition that RBC Capital Markets analyst Walter Spracklin has reaffirmed his "outperform" recommendation for Stella-Jones. The Globe's David Leeder writes that Mr. Spracklin gave his share target a $2 trim to $77, which matches the consensus. The Globe says Mr. Spracklin sees Stella-Jones as the "best-positioned" stock heading into third quarter earnings season. Mr. Spracklin says in a note: "Our Q3 EBITDA estimate remains at $147-million, above consensus $143-million. Our Q3 estimate represents year-over-year EBITDA growth of 23 per cent, resulting from solid organic trends in poles as well as higher expected margin. Our 2025 estimate of $593-million is in line with implied EBITDA guidance of more than $576-million, which we continue to view as incorporating conservatism, reflecting upside related to the US infrastructure bill. Price target lowered to $77 due to our lower target multiple of 9.5 times (from 10.5 times)." The Globe reported on May 25 that National Bank rated Stella-Jones "sector perform." It was then worth $58.58. The Globe reported on May 26 that Mr. Spracklin rated the shares "outperform," when they could be had for $60.08.