12:49 PM EST, 11/21/2025 (MT Newswires) -- Stifel Canada has trimmed its target price for Mattr ( MTTRF ) by $1, to $7, and reiterated its Hold rating, after it

recently visited Mattr's ( MTTRF ) newest Xerxes tank manufacturing facility in South Carolina, which made clear there is significant production capacity to meet robust demand.

Analyst Ian Gillies believes that Xerxes and AmerCable are the two strongest performing businesses within Mattr ( MTTRF ) while Flexpipe and Shawflex are both suffering from weak demand.

"The crux of seeing improved performance for the share price is several quarters of stable and/or improving financial performance, given the significant downward revisions over the prior 24-months," he adds.

Price: 7.75, Change: +0.02, Percent Change: +0.26