Premium Brands Price Target Lowered to C$130 at TD

MT Newswires Live

08/07

TD Securities lowered its price target on Premium Brands (PBH.TO) to C$130 from C$140 on Friday.

Analyst Derek J. Lessard maintained a buy rating on shares of the Canadian specialty food manufacturing and distribution company following its Q2 results on Thursday. The stock retreated in Toronto trading.

"We think yesterday's 14% haircut was overdone, but it likely cleared out investors without the appetite for quarterly" limited-time offer volatility, Lessard said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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Lessard maintained a buy rating on shares of the Canadian specialty food manufacturing and distribution company following its Q2 results on Thursday. The stock retreated in Toronto trading.</p><p>\"We think yesterday's 14% haircut was overdone, but it likely cleared out investors without the appetite for quarterly\" limited-time offer volatility, Lessard said in a note to clients.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. 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Lessard maintained a buy rating on shares of the Canadian specialty food manufacturing ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"TD":"道明银行","HELS":"Hedgeye 130/30 Equity ETF"},"translate_title":"道明将高端品牌目标价下调至 130 加元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TD":1.5,"HELS":1.5},"content_text":"TD Securities lowered its price target on Premium Brands (PBH.TO) to C$130 from C$140 on Friday.Analyst Derek J. Lessard maintained a buy rating on shares of the Canadian specialty food manufacturing and distribution company following its Q2 results on Thursday. 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