The Globe and Mail reports in its Friday edition that Scotia Capital analyst Phil Hardie has reaffirmed his "sector outperform" recommendation for Propel Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hardie cut his share target back by a loonie to $44. Analysts on average target the shares at $47.81. Mr. Hardie says in a note: "Propel closed out a record 2024 meeting or exceeding its financial targets. Q4 was solid with the majority of key performance metrics coming in line or better than expected, however, Core EPS fell a bit short of expectations. The company published its 2025 targets with a strong outlook for growth. Highlights included top-line expansion of between roughly 30 per cent and 45 per cent. Based on just above the mid-point of the revenue target range and 200 bp of margin expansion, we are forecasting robust EPS growth of almost 50 per cent for 2025. We expect continued robust EPS growth of 32 per cent for 2026. Propel is a leader in AI-powered alternative lending and is likely to further leverage this strength through expansion of its 'Lending-as-a-Service' initiative. We believe the successful expansion of this initiative could be transformative for the company."