The Globe and Mail reports in its Tuesday edition that Acumen analyst Nick Corcoran is keeping his "buy" recommendation for MTY Food Group intact. The Globe's Darcy Keith writes that Mr. Corcoran slashed his share target by $10 to $40. Analysts on average target the shares at $47.67. Mr. Corcoran cut his share target after MTY's quarterly results last week raised questions about the health of the U.S. consumer. While results overall were only slightly below Mr. Corcoran's estimates, with same-store sales in Canada growing, sales in the U.S. slipped 3.8 per cent amid broad-based weakness across operations. Another negative for Mr. Corcoran: M&A appears on hold, with no suitable targets. Scotiabank analyst John Zamparo maintained his $45 share target and "sector perform" rating, but cautioned investors may need to be patient. Mr. Zamparo says in a note: "We believe MTY's U.S. results partly represent brand-specific challenges in addition to varying consumer headwinds and ongoing promotional emphasis within the restaurant space stateside. Ultimately, we expect investors will be willing to pay a higher multiple only when organic growth improves, and that could be challenging in 2H/25 given recent U.S. results."