In a report released yesterday, Michael Van Aelst from TD Securities reiterated a Buy rating on Loblaw Companies (LBLCF – Research Report), with a price target of C$195.00.
Michael Van Aelst has given his Buy rating due to a combination of factors that suggest a positive outlook for Loblaw Companies. The company is expected to deliver results that align with investor expectations, indicating stability and potential for growth. Additionally, the strategic focus on mergers and acquisitions is likely to enhance the company’s market position and drive future earnings. The anticipated modest improvement in same-store sales growth (SSSG) and earnings per share (EPS) further supports the positive sentiment. Despite some adjustments in estimates, the company’s financial health remains robust, providing a solid foundation for continued performance. Overall, these factors contribute to a favorable assessment of Loblaw Companies’ stock.
According to TipRanks, Van Aelst is a 4-star analyst with an average return of 6.3% and a 61.90% success rate.
In another report released on April 14, RBC Capital also maintained a Buy rating on the stock with a C$234.00 price target.