The Globe and Mail reports in its Friday, Aug. 15, edition that National Bank Financial analyst Ahmed Abdullah has reaffirmed his "outperform" recommendation for CCL Industries. The Globe's David Leeder writes in the Eye On Equities column that Mr. Abdullah gave his share target a $2 boost to $96. Analysts on average target the shares at $92.30. Mr. Abdullah says in a note: "CCL's Q3 outlook commentary comes off a robust start to 2025 for its primary segments. ... Despite a sluggish FMCG [fast-moving consumer goods] backdrop, CCL segment backfilled some of the softness with new business wins as it gains share across its different verticals given the macro uncertainty as customers revisit sourcing options. Avery's back-to-school season remains a risk, as profits are likely to hold or improve, but revs are expected to be lower (softer revs/better profits in July, August recovery unlikely to offset June dip). Checkpoint's apparel volumes expected to pick up in busy August and November seasons as customers work through sourcing strategies. Innovia is expected to maintain its momentum with German plant start-up costs expected to continue in 2H. Capex in 2025 to be $485-million FX modest tailwind at current rates."