Scott Marks CFA, an analyst from Jefferies, maintained the Buy rating on Saputo Inc.. The associated price target remains the same with 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 strategic growth initiatives and market positioning. The company is focusing on capitalizing on protein-driven demand, branded retail, and foodservice opportunities, with the U.S. market expected to be a significant growth driver. This is supported by investments in automation, modernized facilities, and the ability to adapt to changing consumer preferences.
Additionally, Saputo is streamlining its brand portfolio to focus on fewer, stronger brands that align with the fastest-growing categories. The emphasis on flagship brands like Cathedral City in the UK is intended to drive innovation and enhance shelf productivity. The management’s strategy includes potential mergers and acquisitions targeting branded retail products that can immediately contribute to earnings, further supporting the positive outlook for the company’s stock.
In another report released on September 11, RBC Capital also maintained a Buy rating on the stock with a C$37.00 price target.
Based on the recent corporate insider activity of 44 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.