The Globe and Mail reports in its Friday, Aug. 8, edition that Stifel's Martin Landry continues to rate Leon's Furniture "hold." The Globe's David Leeder writes that Mr. Landry hiked his share target to $30 from $27. Mr. Landry says in a note: "Leon's Furniture reported Q2/25 EPS of 57 cents, up a strong 29 per cent year-over-year and higher than our estimate of 48 cents and consensus of 46 cents. The beat vs our expectations was broad based and is explained by higher revenues, higher gross profit margins and lower SG&A expenses than expected. The company is benefitting from a favourable mix, sourcing enhancement and efficiency programs implemented in the last year. On the back of these strong results and improving balance sheet, the board has approved a 20-per-cent dividend increase. We have raised our forecasts to reflect the recent momentum and increased our valuation multiple, which translate into an increase of our target price." The Globe reported on Jan. 31 that National Bank rated Leon's "outperform." It was then worth $25.98. The Globe reported on Feb. 21 that RBC rated Leon's "outperform." It was then worth $25.76. The Globe reported on Feb. 27 that Mr. Landry rated Leon's "hold," when it was worth $24.66.
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