08:06 AM EDT, 07/04/2025 (MT Newswires) -- Raymond James raised its price target on Exchange Income Corp. ( EIFZF ) to $80 from $72.

Analyst Steve Hansen maintained a Strong Buy rating on shares of the Canadian acquisition-oriented company.

"(Wednesday's) news came as a welcome surprise, with the acquisition of Canadian North closing approximately six months ahead of our prior Dec-31-25 (year-end) assumption," Hansen said in a note to clients.

"Given the expedited timeline, we expect EIC management will ultimately bump its current 2025 Adjusted EBITDA guidance..., likely in tandem with the upcoming 2Q25 results."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)