The Globe and Mail reports in its Thursday, Jan. 29, edition that National Bank Financial analyst Vishal Shreedhar is keeping his "sector perform" call on Metro intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar trimmed his share target by a loonie to $106. Analysts on average target the shares at $115.33. Mr. Shreedhar says Metro's first quarter results were "slightly light," but he notes that the impact of a nearly two-month shutdown of its frozen-food distribution centre in Toronto, which began last September, has now been fully addressed. Metro shares retreated 5.5 per cent on Tuesday after it reported earnings per share for the quarter of $1.16, which was a penny below the analyst's estimate and four cents under the Street's expectation. Food same-store sales growth was 1.6 per cent, which was also below Mr. Shreedhar's estimate (1.8 per cent) but up from 1 per cent last year. Mr. Shreedhar says in a note: "The DC disruption negatively impacted food same-store sales growth (approximately 30 basis points; unadjusted) and costs ($21.6-million in direct costs; adjusted). Operations have now returned to normal. A return to consistent execution will improve investor sentiment."