The Globe and Mail reports in its Tuesday, Sept. 9, edition that RBC Dominion Securities analyst Drew McReynolds has reiterated his "outperform" recommendation for Transcontinental. The Globe's David Leeder writes that Mr. McReynolds raised his share target by a loonie to $26. Analysts on average target the shares at $24.61. Mr. McReynolds says in a note: "Transcontinental is successfully transitioning from legacy commercial printing to packaging and retail services with a return to underlying EBITDA growth in F2024 bolstered by cost efficiencies. With the stock trading at 5.3 times FTM [forward 12-month] EV/EBITDA versus an average of 7.5 times for packaging peers (each 0.5 times increase in multiple equates to $2.50/share), we continue to see value in the shares, particularly given significant FCF generation ($2.50/share), management's track record of solid execution, the strong balance sheet (net debt/EBITDA of 1.6 times in F2025E) and healthy capital returns (dividends, share repurchases)." Despite a 0.4-per-cent decline in shares after its quarterly report exceeded forecasts, Mr. McReynolds expressed confidence in the Montreal-based company's full-year outlook, citing strong execution and momentum for fiscal 2026.