The Globe and Mail reports in its Friday, Oct. 27, edition that National Bank analyst Vishal Shreedhar has reaffirmed his "sector perform" recommendation for Premium Brands Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar trimmed his share target by $4 to $117. Analysts on average target Premium Brands shares at $122.22. Mr. Shreedhar tweaked his share target ahead of the release of Premium Brands third quarter results on Nov. 14 to reflect "a lower multiple (heightened macroeconomic risk)." Mr. Shreedhar says in a note: "We anticipate the key themes during the quarter to be solid organic growth (sales initiatives and normalizing backdrop) and continued margin improvement supported by resilient consumer demand, better mix, better capacity utilization and operational efficiencies (process automation and optimization initiatives). These benefits should magnify through the year." The Globe reported on May 17 that Mr. Shreedhar had reaffirmed his "outperform" call for Premium Brands, which was then worth $98.08. The Globe reported on Aug. 16 that Stifel analyst Martin Landry had downgraded Premium Brands to "hold" from "buy." It was then worth $103.19.