The Globe and Mail reports in its Wednesday, Nov. 12, edition that Scotia Capital analyst Jonathan Goldman continues to rate Adentra "sector outperform." The Globe's David Leeder writes that Mr. Goldman hiked his share target to $41 from $40. Analysts on average target the shares at $45.94. Mr. Goldman says in a note: "At these levels, we view Adentra as a free option on a housing recovery and M&A. The second consecutive quarter of EBITDA growth confirms earnings are past trough, while Q3 results/Q4 outlook confirm end-market demand has not deteriorated further. Despite higher tariff exposure, which was expected following S232 determination and Adentra now subject to company-specific tariffs, the company has demonstrated a consistent ability to pass these on, with GM [gross margins] remaining above 21 per cent for the past 10 quarters. Increased channel inventory and competitive dynamics may keep a lid on pricing gains, but that should support volumes. ... Key housing market indicators, namely housing starts, are lacking due to government shut-downs. However, 30-year mortgage rates are down 50 basis points since July and the NAHB/Wells Fargo Housing Market Index ticked up significantly in October."