Tamy Chen, an analyst from BMO Capital, maintained the Buy rating on Metro Inc.. The associated price target remains the same with C$115.00.
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Tamy Chen’s rating is based on a combination of factors that highlight Metro Inc.’s strong performance and potential for growth. Despite a recent decline in stock price, Chen believes the drop was overly harsh and maintains a positive outlook on Metro’s earnings per share growth in the medium term. The company has demonstrated resilience in the face of increased competition, with strong same-store sales growth over the past two to three years, often outperforming its peers.
Chen also notes that Metro’s management is confident in the company’s competitive position, even as the grocery sector experiences increased activity from new store openings. The analyst sees Metro as a steady compounder, suggesting that it is a reliable investment over time. Furthermore, the potential for earnings growth following the company’s distribution center modernization project adds to the positive assessment, reinforcing the Buy rating.
In another report released on August 14, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$108.00 price target.
MRU’s price has also changed slightly for the past six months – from C$92.400 to C$98.580, which is a 6.69% increase.