The Globe and Mail reports in its Thursday, Nov. 12, edition that Raymond James analyst Jeremy McCrea raised his unit target for Freehold Royalties to $6 from $5.50. The Globe's David Leeder writes that Mr. McCrea continues to rate Freehold Royalties "outperform." Elsewhere, Canaccord Genuity analyst Anthony Petrucci moved his unit target to $6.50 from $5.50 with an unchanged "buy" rating. Mr. McCrea says in a note: "Freehold announced a 33-per-cent dividend increase to two cents per month starting in January. This comes after the dividend was cut by 71 per cent in April to focus on balance sheet strength. The company is citing pricing stability and strength in operations as drivers of the increase. We also continue to see signs of increasing activity through the fall. Combined with limited shut-in production and higher commodity prices, there are increasing reasons to believe Freehold should do well heading into next year. With the dividend increase, leverage levels low and financing options limited for many 3rd party operators, we also think there are likely many counter-cyclical opportunities that will allow FRU to grow its FFO/sh quicker than what currently is modeled by investors and the Street."