The Globe and Mail reports in its Friday, May 16, edition that RBC Capital analyst Ryland Conrad rates MTY Food Group "sector perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Conrad set a share target of $51. Analysts on average target the shares at $50.75. Mr. Conrad says in a note: "MTY is a leading franchisor of restaurants in North America with more than 7,000 locations across 85 diversified banners. While we see value in the stock at current levels, we are looking for more timely entry points and incremental visibility around the company's ability to generate more meaningful organic growth alongside any easing of macro headwinds." The Globe reported on July 12, Jan. 21 and April 15 that National Bank Financial analyst Vishal Shreedhar was keeping his "outperform" recommendation for MTY Food Group intact. The shares could then be had for $47.15, $48.91 and $39.37.