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Scotiabank upgraded Premium Brands to "Outperform" with a C$120 price target, citing strong earnings and growth in food manufacturing and distribution.
Scotiabank upgraded Premium Brands (TSE:PBH) to "Outperform" with a C$120 price target, citing strong performance in specialty food manufacturing and distribution across Canada and the U.S.
The company reported Q3 earnings of C$1.27 per share and C$1.99 billion in revenue, with analysts projecting full-year earnings of C$6.04 per share.
The stock, trading at C$101.07, showed increased volume and is above its 50-day and 200-day moving averages, with a consensus "Buy" rating and a target price of C$120.09.
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Scotiabank actualizó Premium Brands a "Outperform" con un objetivo de precio de 120 dólares canadienses, citando fuertes ganancias y crecimiento en la fabricación y distribución de alimentos.