The Globe and Mail reports in its Friday, Nov. 21, edition that Raymond James analyst Christian Reiter rates Stella-Jones "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Reiter set a share target of $100. Analysts on average target the shares at $91.44. Mr. Reiter sees "a compelling rerating opportunity" for Stella-Jones as it "evolves from a mature wood-products consolidator into a diversified platform supporting the next wave of utility-infrastructure modernization." Mr. Reiter says in a note: "After years of portfolio optimization and disciplined capital allocation, we expect Stella-Jones to re-enter an acquisitive phase, leveraging its leading North American footprint, blue-chip customer relationships and proven integration record. Secular tailwinds -- grid reliability, electrification, EV adoption, data-centre growth and onshoring -- should drive a multiyear expansion in transmission and distribution (T&D) spending. With aging assets and constrained U.S. power capacity, Stella-Jones is well positioned to supply both maintenance and growth demand throughout this cycle." Mr. Reiter calls Stella-Jones "a well-oiled, scalable FCF machine."