RBC Capital Bumps Up George Weston Price Target By ~8%

May 10, 2022 2:52 PM | 1 min read |

RBC Capital analyst Irene Nattel raised the price target for George Weston Ltd WN WNGRF to C$179 from C$165 with an Outperform rating on the shares.
The analyst updated the model and valuation to reflect the actual Q1 share buyback at George Weston along with Q1 results.
Nattel says that the constructive outlook on George Weston is predicated on a favorable outlook for >50%-owned Loblaw Companies Ltd L augmented by the application of a portion of proceeds from the sale of WN Foods via the NCIB over time.
Price Action: WN shares are trading lower by 2.34% at C$155.12 on TSX on the last check Tuesday.