Inside the Market’s roundup of some of today’s key analyst actions
) on Tuesday, seeing diminishing growth possibilities for investors following a strong share performance thus far in 2023.
National Bank’s Vishal Shreedhar dropped his recommendation to “sector perform” from “outperform,” noting the Vancouver-based specialty food company’s gains this year are the highest in his coverage universe. “Premium Brands reported slightly better than expected Q2/23 results driven by higher than expected profitability due to selling price increases and lower cost inflation,” said Mr. Landry. “Adjusted EBITDA margins came-in at 9.3 per cent, up 75 basis points year-over-year and the highest level of the last five years. This strong margin did not flow through to the bottom line due to high interest expenses of $37.
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