The Globe and Mail reports in its Thursday, Nov. 9, edition that National Bank Financial analyst Maxim Sytchev has reaffirmed his "outperform" recommendation for Stella-Jones. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev boosted his share target by $4 to $87. Analysts on average target Stella-Jones shares at $83.14. Mr. Sytchev thinks Stella-Jones is currently "capitalizing on strong industry dynamics," seeing its capacity to manufacture poles "expanded significantly" and its rail tie inventories replenished. Mr. Sytchev says in a note: "2024 will bring tougher comps, but Investor Day targets are firmly intact. Management expects significant moderation in pricing for poles (partially due to higher supply) and ties through 2024 as we lap this year's tough comps. That being said, pricing should still be a net positive for sales through next year, just closer to historical levels. All Investor Day targets are firmly intact, and we believe there is some room for upward revision given recent strength. In addition to resilient ties and poles demand, 2024 resi lumber volumes should continue to recover as lower pricing somewhat offsets consumer affordability concerns."