The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst John Zamparo continues to dish out a "sector perform" call for MTY Food Group. The Globe's David Leeder writes that Mr. Zamparo jacked his share target up by $2 to $41. Analysts on average target the shares at $44.33. Mr. Zamparo sees the decision by MTY to begin a formal review process with the aim of boosting shareholder returns as "somewhat unsurprising but a clear positive for investors." Mr. Zamparo says in a note: "The challenge MTY may face in seeking a buyer is questionable interest from [strategists], who we believe wish to target a simpler portfolio. If so, this leaves private equity names as the most likely acquirors. A smaller pool of buyers lowers a successful outcome, though MTY's FCF yield of 15 per cent, potential returns can still be quite compelling even in a higher-rate world. If a buyer for the entire business does not emerge, we expect MTY will look to sell some of its brands. This would likely be more compelling to various strategic buyers, in our opinion. ... We expect MTY wishes to improve EBITDA generation before exploring any divestiture. We expect MTY to prioritize selling banners that are mostly corporate-owned."