High Liner Foods: Cost Actions and Supply Chain Efficiencies Positioning for Margin Recovery and Long-Term Growth

In a report released today, Nevan Yochim from BMO Capital reiterated a Buy rating on High Liner Foods, with a price target of C$16.50.

Nevan Yochim has given his Buy rating due to a combination of factors tied to both High Liner Foods’ near-term actions and long-term positioning. He acknowledges that margins are under pressure and estimates have been reduced, but views the workforce reduction, cost-cutting initiatives, and supply chain efficiencies as concrete steps that should stabilize profitability and set the stage for recovery.

Yochim also emphasizes management’s reaffirmed expectation for EBITDA growth in 2026 despite a projected decline in Q1/26, noting that current headwinds such as input cost inflation and delayed retail price increases are seen as temporary. Coupled with High Liner’s diversified business model and strong presence in value-added frozen seafood, he believes the company is well placed to regain market share, rebuild margins, and ultimately justify a higher valuation over time, supporting his Buy recommendation.

In another report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a C$17.00 price target.