The Globe and Mail reports in its Wednesday, May 28, edition that BMO Capital Markets analyst John Gibson commenced coverage on TerraVest Industries with a "market perform" ranking and a share target of $180. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $188.80. Mr. Gibson says in a note: "TerraVest is a diversified consolidator of manufacturing companies across various industrial markets. The company has been very active on the M&A front, completing an average of two acquisitions per year since 2014, but has ramped activity significantly in 2025. Valuation remains the obstacle for us, with the company now trading 11 times our 2027 EBITDA estimates, which underpins our 'market perform' rating. That said, we recognize TerraVest's M&A strategy introduces significant catalysts moving forward." The Globe reported on Nov. 27 that National Bank cut TerraVest to "sector perform" from "outperform." The shares could then be had for $114.43. The Globe reported on March 19 and May 6 that Desjardins Securities analyst Gary Ho had reaffirmed his "buy" recommendation for TerraVest. The shares were then going for $137.16 and $162.47.