The Globe and Mail reports in its Friday edition that Eight Capital analyst Ty Collin became the first analyst to commence coverage of Sucro, assigning it a "buy" recommendation, with a $15.50 share target. The Globe's David Leeder writes that Mr. Collin says in a note: "Sucro is an integrated sugar company with operations throughout the Americas that include sourcing, refining, and managing the logistics of sugar for customers across North America. We believe that Sucro is the only publicly traded company that provides pure-play exposure to the North American sugar industry ... The North American sugar industry has been through a decades-long consolidation process, leaving the entire $14-billion (U.S.) market with just a handful of major suppliers and a shortage of capacity. With rising logistical costs and supply chain risks, customers are highly motivated to support an innovative new competitor like Sucro, who has built the first new sugar refinery in Canada in decades and another new sugar refinery in the U.S. Founder and CEO, Jonathan Taylor, detected this opportunity early on and assembled an expert management team to position Sucro as a first mover to disrupt the aged and inefficient sugar oligopoly."