The Globe and Mail reports in its Tuesday, Oct. 8, edition that Canaccord Genuity analyst Luke Hannan rates Andrew Peller "buy" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hannan set a share target of $8.50. Analysts on average target the shares at $9. Mr. Hannan says in a note: "[Andrew Peller] has grown to become Canada's second-largest domestic wine producer (excl. Quebec) through both organic and acquisitive growth. That said, the stock trades at a 40-per-cent discount to its book value per share, with the gap widening substantially when considering the fair value of Andrew Peller's vineyards and estates. We believe the company has multiple avenues for near and long-term volume growth, including through wine clubs and Ontario convenience and grocery stores, which should improve both sales and margins over time. Combined with the surfacing of value through asset sales, we believe the stock's discount to book value should close, with investors receiving a 6-per-cent dividend yield and the dividend growing at a 5.5-per-cent CAGR since F2009 in the meantime. ... We believe Andrew Peller shares have a compelling risk-reward profile."