AGT Food initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of AGT Food (AGTF.TO) with an Outperform rating and C$25 price target The firm believes the business has been repositioned to deliver “steady value creation, supported by a lower risk profile and a growth outlook increasingly driven by less cyclical and higher-margin revenue streams.” RBC says the shares are mispriced at a discount to peers.