The Globe and Mail reports in its Friday edition that BMO analyst Stephen MacLeod is sticking with his "outperform" recommendation for Tricon Residential. The Globe's David Leeder writes that Mr. MacLeod hiked his share target ahead by 50 U.S. cents to $13.50 (U.S.) Analysts on average target the shares at $9.98 (U.S.). Mr. MacLeod says in a note: "Solid SFR demand momentum continued in Q1/23. As expected, rising borrowing rates led to Tricon dialing back the pace of SFR acquisitions, with a near-term focus on cost containment. Acquisitions to double in Q2 (seasonal listings growth), and management expressed cautious optimism on conditions improving to allow Tricon to buy homes at blended cap rates at or above financing costs. While unfavourable acquisition spreads have changed the near-term growth trajectory, we continue to believe Tricon has a long runway to drive core FFO growth and shareholder value." The Globe reported on April 16, 2022, and Aug. 15, 2022, that Mr. MacLeod continued to rate Tricon Residential "outperform." It was then worth $19.15 (Canadian) and $15.10 (Canadian). The Globe reported on March 6, 2023, that Scotia Capital rated Tricon "sector outperform." It was then worth $8.38 (U.S.).