The Globe and Mail reports in its Wednesday, Oct. 15, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation for MTY Food Group. The Globe's David Leeder writes that Mr. Shreedhar's share target soared $8 to $51. Analysts on average target the shares at $46.33. Mr. Shreedhar says in a note: "Q3/F25 results reflected pressure in Canada (mall locations underperformed) and volatility in the U.S. Q4/F25 quarter-to-date trends point to slight improvement in Canada and continued choppiness in the U.S. We expect the relaunch of Papa Murphy's loyalty program and higher marketing (near end of October) to be supportive for U.S. growth. We view re-invigoration of Papa Murphy's (16 per cent of system sales) to be key; we estimate Papa Murphy's delivered sssg of negative 7 per cent (implies the remaining U.S. network delivered sssg of negative 1 per cent). A majority of U.S. store openings rely on Small Business Administration (SBA) support; openings may be impacted if SBA funding is disrupted (prolonged government shutdown). We revised our EBITDA estimates: F2025 is $261-million from $262-million and F2026 is $256-million from $262-million."