Scott Marks CFA, an analyst from Jefferies, maintained the Buy rating on Saputo Inc.. The associated price target was raised to C$38.00.
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Scott Marks CFA has given his Buy rating due to a combination of factors that highlight Saputo Inc.’s strong financial performance and growth potential. The company reported fiscal Q1 results that exceeded expectations in terms of EBITDA and EPS, despite a slight miss in overall revenue. This performance underscores the company’s ability to navigate challenging market conditions effectively.
Looking forward, Scott Marks CFA anticipates further growth driven by the operational ramp-up of Saputo’s new facility in Franklin, WI, and the adoption of a revised milk pricing formula. Additionally, the stabilization of commodity market conditions is expected to support the company’s margins. These factors collectively contribute to a positive outlook for Saputo Inc., justifying the Buy rating.
In another report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$37.00 price target.