In a report released today, Scott Marks CFA from Jefferies maintained a Buy rating on Saputo Inc., with a price target of C$47.00.
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Scott Marks CFA has given his Buy rating due to a combination of factors that indicate Saputo is on a positive trajectory. He highlights that the company exited the quarter with solid operational momentum, underpinned by particularly robust performance in its Canadian business and a more supportive environment for pricing spreads. Although a late‑quarter decline in block cheese prices created some short‑term pricing headwinds, he views these as manageable within the broader improving backdrop. In his view, the company’s completed cost‑efficiency initiatives and protein‑focused growth strategy should drive year‑over‑year financial improvement.
Scott Marks CFA also points to stabilizing international operations as an important contributor to a more predictable earnings profile, which supports confidence in future results. While he expects U.S. sales in the quarter to be modestly lower on a year‑over‑year basis due to pricing, he believes this is more than offset by operational enhancements and mix benefits across the portfolio. Taken together, these elements create what he sees as a favorable setup for continued performance improvement, justifying his Buy recommendation on Saputo’s shares.
Marks CFA covers the Consumer Defensive sector, focusing on stocks such as Vital Farms, Kraft Heinz, and Saputo Inc.. According to TipRanks, Marks CFA has an average return of -7.9% and a 27.03% success rate on recommended stocks.