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Loblaw upgraded to Outperform from Sector Perform at Scotiabank

Scotiabank upgraded Loblaw (LBLCF) to Outperform from Sector Perform with a price target of C$215, up from C$190. The company offers investors “perhaps the most tariff-resistant business” in Canada retailing and consumer products, and the recent pullback offers an appropriate time to buy, the analyst tells investors in a research note.

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