- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
