Analysts cut Empire Co's price target amid steady earnings and a slight stock dip.

Multiple financial firms, including Desjardins and TD Securities, lowered their price targets for Empire Co Ltd (TSE:EMP.A), with Desjardins reducing its target to C$53.00 and TD Securities to C$50.00, maintaining "buy" and "hold" ratings respectively. The stock, trading at C$46.49, saw a slight decline of C$0.03 on Friday. Empire reported Q3 earnings of C$0.69 per share on C$8 billion in revenue, with a net margin of 2.18% and return on equity of 12.94%. The company, which operates over 1,500 food retail stores across Canada under brands like Sobeys, has a market cap of C$10.73 billion and a consensus "moderate buy" rating with a target of C$53.00. Analysts expect full-year earnings of about C$2.96 per share.