George Weston downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank analyst John Zamparo downgraded George Weston (WNGRF) to Sector Perform from Outperform with a price target of C$241, up from C$240. The stock has outperformed year-to-date and while Loblaw’s business should show resilience and perform well in the current economic environment, the analyst believes the current valuation limits upside.