The Globe and Mail reports in its Tuesday edition that ATB Capital Markets analyst Chris Murray rates Pet Valu Holdings "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray set a share target of $41. Analysts on average target the shares at $36.70. Mr. Murray says Pet Valu is in a good spot to "capitalize on a growing pet economy." Mr. Murray says in a note: "Pet Valu has delivered mid to high single-digit same-store sales for several years, reflecting a well-established operating model and secular tailwinds supporting pet ownership and spending levels. We expect same-store growth rates to mirror the industry's historical mid-single-digit growth rate in the coming years. ... We believe Pet Valu's differentiated model, particularly its higher-touch experience, adaptable store format, and expanding omnichannel capabilities, allows the Company to maintain its leadership position in the domestic market. ... Pet Valu trades in line with Canada's grocery stores despite operating as a specialty retailer and leveraging a capital-light growth model in an attractive category set to benefit from secular tailwinds." Mr. Murray calls Pet Valu "capital-light compounder."