The Globe and Mail reports in its Friday, Oct. 27, edition that Raymond James analyst Michael Glen has elevated his recommendation for 5N Plus to "strong buy" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen is sticking with his $5 share target. Analysts on average target the shares at $4.85. 5N Plus is a producer of specialty semiconductors and performance materials. Mr. Glen says in a note: "In speaking with investors, our understanding is that recent share price pressure relates predominantly to general weakness in solar stocks as a group, and 5N Plus being lumped into this trade. We believe this is a short-sighted view of the company. ... The stock currently trades at approximately 5.6 times 2024 estimated EBITDA. This is for a company that will organically grow its EBITDA by 60-per-cent-plus over the course of 2022-2024. And all indications from our recent management meetings is that the 2024-plus outlook remains solid." The Globe reported on Feb. 25, 2022, that Mr. Glen had trimmed his 5N Plus share target to $4 from $4.50, while maintaining an "outperform" recommendation. 5N Plus shares were then going for $2.25.