The Globe and Mail reports in its Wednesday, Dec. 6, edition that RBC Capital Markets analyst Sabahat Khan, ahead of Wednesday's release of North West Company's third quarter results, increased hid share target to $38 from $36. The Globe's David Leeder writes in the Eye On Equities column that Mr. Khan rates North West "sector perform." Analysts on average target the shares at $39.25.
Mr. Khan says in a note: "We expect areas of focus to include: 1) consumer demand and pricing trends given the evolving operating backdrop; 2) any notable impact in International segment results from the softer macro backdrop and its impact on travel and tourism to the region; 3) any notable shift in food vs. general merchandise mix; and, 4) any outlook commentary on expected F2024 trends." The Globe reported on Dec. 9, 2022, April 7, 2023, and Sept. 15, 2023, that BMO Capital analyst Stephen MacLeod rated North West "market perform." The shares were then worth $37.48, $39.82 and $35.39. In the September item Mr. Macleod said, "[We] think the stock could appeal to income-oriented investors."
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