The Globe and Mail reports in its Friday, Sept. 19, edition that RBC analyst Ryland Conrad has reiterated his "sector perform" ranking and $20 share target for High Liner Foods. The Globe's David Leeder writes that analysts on average target the shares at $21.30. Mr. Conrad says High Liner Foods' Investor Day on Tuesday raised his confidence in its ability to navigate the current macroeconomic environment. Mr. Conrad says in a note: "Management indicated that the industry could be approaching an inflection point for seafood consumption with: (I) room to increase 'share of stomach' as per capita consumption remains half that of beef and pork and significantly less than poultry; (ii) efforts to reduce perceived accessibility barriers to drive more in-home dining occasions (food service accounts for 70 per cent of seafood spend); (iii) younger demographics showing greater openness to seafood despite consumption still lagging older cohorts; and (iv) increased protein messaging on packaging to appeal to a more health-conscious consumer. ... Against the backdrop of a $23-billion North American frozen seafood category growing 1 to 2 per cent annually, management expects to deliver above-category growth over the medium-term."