The Globe and Mail reports in its Tuesday, May 27, edition that Desjardins analyst Gary Ho has reaffirmed his "buy" recommendation for TerraVest Industries. The Globe's David Leeder writes that Mr. Ho's share target soared $10 to $185. Analysts on average target the shares at $191. The Globe says Mr. Ho sees TerraVest "financially armed and ready to strike" following the completion of its upsized bought deal equity offering for gross proceeds of $320.8-million. "The equity raise brings TerraVest's leverage to a more comfortable level, enables it to pursue other M&A growth opportunities (we raised the M&A pace to $80-million/year in FY26 and FY27) while reducing financing costs," Mr. Ho says in a note after resuming coverage of the Toronto-based manufacturer of home heating products and gas transport vehicles. He adds, "Our investment thesis is predicated on: (1) TerraVest's long runway of M&A growth potential and disciplined approach of acquiring at four to six times EBITDA; (2) its history of extracting value from procurement synergies; and (3) a management team keenly focused on FCF." The Globe reported on May 6 that Mr. Ho said TerraVest was one of his "favourite ideas." It was then worth $162.47.