The Globe and Mail reports in its Wednesday, Aug. 9, edition that National Bank analyst Vishal Shreedhar rates Lassonde Industries "outperform" in new coverage. The Globe's David Leeder writes that Mr. Shreedhar set his share target at $146. Analysts on average target the shares at $138. Mr. Shreedhar believes Lassonde's enticing valuation "compensates" for heightened risk associated with a difficult macroeconomic backdrop. Mr. Shreedhar says in a note: "We consider Lassonde to be a company with meaningful turnaround potential, predominantly within the U.S. operations. We estimate Lassonde's U.S. operations generate slightly negative EBIT margin versus a historical range of 6 to 7 per cent (2012-2017). If the U.S. business returns to historical EBIT margins, we estimate more than 20-per-cent upside to our 2026 EPS. In 2022, the U.S. business represented 55 per cent of revenue; EBIT generation was negative. Lassonde expects its turnaround improvements to manifest over a two to three year timeline, with gradual benefits in 2023, and more meaningful benefits in 2024 and 2025. We model a more conservative four-year time horizon and forecast 2026 U.S. EBIT margin of 3.2 per cent, translating to 2026 EPS of $15.78."