The Globe and Mail reports in its Friday, Sept. 11, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation and $70 share target for Loblaw. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $71.49. Mr. Shreedhar says Loblaw's Investor Day event on Wednesday enhanced his confidence in its ability to deliver consistent performance. Mr. Shreedhar says in a note: "Our estimates are unchanged, although we came away more confident in Loblaw's ability to achieve its financial framework against an increasingly unpredictable macro-backdrop. Loblaw provided additional details on business operations, as well as growth and efficiency initiatives, which we believe were well received by investors. The long-term financial framework was reiterated: 2- to 3-per-cent sales growth (NBCCM models approximately 4-per-cent year-over-year higher retail revenue in 2026E on a 52-week basis), 4- to 6-per-cent EBIT growth and 8- to 10-per-cent EPS growth." Mr. Shreedhar sees "several drivers of growth and efficiency" for the grocery giant following the event, which was held at its distribution centre in East Gwillimbury, Ont.