National Bank Raises TargetEmphasizing Premium Brands Holdings Corp.’s U.S. initiatives “continue to roll-out” and seeing it poised for “strong growth” in the fourth quarter and beyond, National Bank’s Vishal Shreedhar raised his target for its shares to $109 from $101 with a “sector perform” rating ahead of the Nov. 6 release of its third-quarter results. The average is $111.78. “Over the medium term, we believe that PBH’s outlook will be supported by solid organic growth and EBITDA margin expansion (to 9.8 per cent in 2025 from 8.9 per cent in 2023). We value Premium Brands at 10.5 times our 25/26 EBITDA,” he said.