The Globe and Mail reports in its Friday, March 6, edition that RBC analyst Irene Nattel is keeping her "sector perform" call on Canada Packers intact. The Globe's David Leeder writes in the Eye On Equities column that Ms. Nattel gave her share target a $2 boost to $22, matching the consensus. Canada Packers' first quarter results as a public company were largely in line, with Ms. Nattel noting that "commodity price volatility will always be part of [Canada Packers'] story." Ms. Nattel says in a note: "Our financial forecasts, valuation and price target are predicated on pork markets returning to historical levels and seasonal patterns through 2026/27. Our target multiple 5.5 times is approximately a 1.5 times discount to the closest North American peer, Smithfield Foods, reflecting relative market cap, limited float and lack of a track record as a publicly traded entity. Our target multiple is toward the mid-point of the valuation range for commodity processing companies across sectors. Catalysts to become more constructive include: I) leveraging premiumization strategy to help buffer commodity-related volatility, ii) execution of modest growth agenda, and iii) successful delivery of consistent, visible earnings."