The Globe and Mail reports in its Wednesday, Nov. 5, edition that National Bank Financial analyst Maxim Sytchev is sticking with his "sector perform" ranking for Wajax. The Globe's David Leeder writes that Mr. Sytchev gave his share target a $3 boost to $25. Analysts on average target Wajax shares at $25.50. Mr. Sytchev says in a note: "This is the third better print from the company year-to-date, explaining the 19-per-cent share price advance this year, lagging the TSX only marginally. ... The challenge, however, remains that we are still clawing our way back from the derating that took place mid-2024, a time frame vs. which 2025/2026 EBITDA is still lower to the tune of down 18 per cent/down 13 per cent. With industrial parts/ERS also being more exposed to the moribund Canadian manufacturing sector, there are not many positive catalysts one can point to when thinking about investment thesis evolution. We do believe that the outgoing CEO put the company on the correct path centred around creating less cyclicality but the whole exercise has become more complicated when taking into account the post-pandemic pricing rollover, not an easy headwind to overcome when the baton was passed to [Iggy] Domagalski."