In a report released today, Robert Dickerson from Jefferies reiterated a Buy rating on Saputo Inc. (SAP – Research Report), with a price target of C$32.00.
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Robert Dickerson’s rating is based on a combination of factors that highlight Saputo Inc.’s strong market position and potential for growth. Despite some challenges, such as an unfavorable cheese-milk spread that may limit short-term margin expansion in the USA, the underlying demand for Saputo’s core categories remains robust compared to other food sectors.
Furthermore, the company demonstrates solid cash flow, which supports its financial stability and growth prospects. These elements contribute to the positive outlook for Saputo Inc., justifying the Buy rating as the company is well-positioned to maintain its performance and capitalize on market opportunities.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAP in relation to earlier this year.