Post by
retiredcf on Dec 20, 2021 9:15am
CIBC
EQUITY RESEARCH
December 19, 2021 Company Update
PET VALU HOLDINGS LTD.
Takeaways From Investor Meetings & Management Store Tours
Our Conclusion
We recently hosted investor meetings and had the opportunity to tour a
corporate and franchise store alongside Pet Valu’s CEO Richard
Maltsbarger, CFO Jim Grady and Senior Director, Investor Relations James Allison. Our visits affirmed our positive view on the business. We believe industry trends remain favourable, and we are incrementally positive about the multiple growth levers the company has to gain market share as well as drive operational improvements in its business. Our price target remains $43, and PET remains Outperformer rated.