The Globe and Mail reports in its Friday edition that Scotia Capital analyst George Doumet is sticking with his "sector perform" call for MTY Food Group. The Globe's David Leeder writes that Mr. Doumet cut his share target for MTY Food Group to $55 from $62. Analysts on average target the shares at $65.71. Mr. Doumet says in a note: "Q4 normalized EBITDA missed consensus by 11 per cent. Looking beyond the one-timers, results reflected a consumer who is more restrained in discretionary spending with lower average check and negative comps in fast casual and casual dining concepts. On the network growth, MTY continues to register record new openings, but the net opening remains just shy of break-even for the third consecutive quarter. Furthermore, efficiency initiatives and implementation of a new ERP system, while highly beneficial to the company in the longer term, are going to be a source of performance (and EBITDA) risk over the next 12 to 18 [months]. In that context, despite an undemanding valuation (shares trading at nine times vs. historical average closer to 11 times) we need to see a period of sustained SSS growth (in the low single digit range) and flat to positive net closures to get more constructive."