The Globe and Mail reports in its Friday, Oct. 13, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" call for MTY Food Group. The Globe's David Leeder writes that Mr. Shreedhar boosted his share target by a loonie to $71, 29 cents under the consensus. Mr. Shreedhar believes MTY Food Group is "managing growth amid a more demanding consumer backdrop." He says in a note: "MTY continues to target net positive organic store openings; construction/store permitting is improving, although the higher cost of debt is negatively impacting new openings. ... If MTY traded in line with the five-year average, it would add over $20 to the share price. MTY does not yet see significant cracks in the consumer backdrop; the focus is on improving the customer experience as pricing sensitivity is heightened. The competitive backdrop is indicated to be rational. ... We remain constructive on MTY given attractive valuation, expectations of improving operational performance, and medium-term supportive capital allocation outcomes such as acquisitions and potential NCIB. That said, we also acknowledge heightened risk related to inflation, labour and general macroeconomic concerns."