| To: Goose94 who wrote (110968) | 7/28/2021 9:16:58 AM | | From: Goose94 | | | | Saputo (SAP-T) CIBC World Markets analyst Mark Petrie has reiterated his "outperformer" Mr. Petrie trimmed his share target by $2 to $43. Analysts on average target the shares at $42.11.
Mr. Petrie says in a note: "We are updating our Q1 estimates to reflect less favourable dairy markets. Specifically, we expect negative market factors in the U.S. and weaker international markets to weigh on results, and our EPS estimate is revised to 26 cents from 34 cents.
We have also updated our F2022 and F2023 estimates for FX and commodity prices. Despite this, we believe the sell-off in the stock following Q4 earnings is overdone and see attractive upside as volume headwinds abate and commodity supply/demand balances."
Desjardins Securities analyst Chris Li continued to rate Saputo "buy."
BMO Nesbitt Burns analyst Peter Sklar had elevated his rating for Saputo to "outperform" from "market perform." |
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