- Desjardins analyst Chris Li raised the price target for George Weston Ltd WN WNGRF to C$173 from C$167 with a Buy rating for the shares.
- The analyst believes that an elevated and more consistent pace of share repurchases could be a catalyst for the holdco discount to narrow from the current 14% to 10% target.
- According to Li, 14% is high considering GWL’s simplified corporate structure, with two high-quality assets. The main risk is if GWL acquires another business.
- The analyst states that their relative preference for WN reflects a higher expected total return.
- Price Action: WN shares are trading lower by 1.58% at C$151.82 on TSX on the last check Wednesday.
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