TD Securities raised its price target on Metro inc. (MRU.TO) to $99 from $97 on Wednesday.
Analyst Michael Van Aelst maintained a Buy rating on shares of the Canadian grocery store operator ahead of its quarterly results on January 28.
"With earnings growth resuming, FCF rising, and an active NCIB, we see Metro building EPS momentum over the course of the year," Van Aelst said in a note to clients.
"Solid top-line growth and declining duplicate O/H costs should allow EPS growth to reach ~7% by Q1/F25 and, coupled with GM% expansion starting in Q2, accelerate to ~12% by Q4/F25 (sticking around that level in F26)," the analyst said.
(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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