The Globe and Mail reports in its Thursday, Oct. 10, edition that National Bank Financial analyst Zachary Evershed has reiterated his "outperform" recommendation for Mattr. The Globe's David Leeder writes in the Eye On Equities column that Mr. Evershed gave his share target a 50-cent trim to $19.50. Analysts on average target the shares at $20.06. Mr. Evershed says in a note: "As at Q2 reporting, management expected both revenues and adjusted EBITDA at composite to tick down modestly on a sequential basis. Since then, rig counts and frac spreads have continued to drift, seeing us tighten our organic growth forecast for H2/24. We note that tank demand is likely to remain strong as the SC facility comes on-line, however, as our channel checks indicate demand from data centres remains hot, supporting fuel station markets. Connection is expected to see a quarter-over-quarter rise in sales from market share gains and new projects, but adjusted EBITDA should fall quarter-over-quarter as an unfavourable mix shift weighs on profitability." The Globe reported on July 4 that RBC Dominion Securities analyst Arthur Nagorny had elevated his recommendation for Mattr to "outperform" from "sector perform." It was then worth $17.19.