The Globe and Mail reports in its Thursday, July 13, edition that CIBC World Markets analyst John Zamparo has elevated his recommendation for MTY Food Group to "outperformer" from "neutral." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Zamparo gave his share target a $6 boost to $75 in the wake of the company's second quarter financial results. Analysts on average target the shares at $72.79, up from $71.07 a month ago. Mr. Zamparo says his upgrade reflects "slighter higher" earnings estimates and an increased target multiple, as he now sees the stock going for 18 times earnings, up from 17. Mr. Zamparo says in a note: "We believe MTY's potential achievement of positive net unit growth should support a rerate and add incremental investors. Although this achievement may take a few more quarters, this development would represent a step-change versus years past. Moreover, the business's largest banners are performing admirably, and M&A should return as a likely driver next year, as leverage declines to sub-three times. ... We consider MTY to be well positioned for an ongoing recessionary consumer environment." The Globe reported on April 14 that National Bank rated MTY "outperform." It was then worth $59.70.