Scotiabank upgraded George Weston (WNGRF) to Outperform from Sector Perform with a price target of C$240, up from C$218. The firm recommends switching out of Loblaw and into George Weston at current valuation levels. The grocers are well positioned for 2025, which should see food-at-home take share amid soft consumer sentiment and persistently higher inflation at restaurants compared to grocery, the analyst tells investors in a research note.
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Read More on WNGRF:
- George Weston price target raised to C$266 from C$253 at RBC Capital
- George Weston price target raised to C$255 from C$232 at Desjardins
- George Weston price target raised to C$221.50 from C$220 at BMO Capital
- George Weston price target raised to C$269 from C$254 at CIBC
- George Weston Limited Shows Strong Q3 Performance
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