TSX:SAP - Post Discussion
Post by
incomedreamer11 on Oct 22, 2021 10:03am
RBC comments
* “Taking a slightly more conservative stance on pace of [its] recovery,” RBC Dominion Securities analyst Irene Nattel cut her Saputo Inc. (SAP-T) target to $41 from $43, keeping an “outperform” rating. The average is $39.88.
“Consistent with management’s commentary during recent investor events, we remain cautious on the outlook for F22, although we remain confident in SAP’s ability to return to growth in F23 and beyond, underpinned by a sustained focus on plant efficiency and profitable sales growth, augmented by the optionality of global M&A,” she said. “We trim our near-term forecasts against the backdrop of challenging supply chain and labour issues but maintain our view that the SAP story is ripening and offers potential for significant torque as the environment normalizes.”
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