The Globe and Mail reports in its Tuesday, May 9, edition that RBC Capital analyst Irene Nattel has reaffirmed her "outperform" ranking for Saputo. The Globe's David Leeder writes in the Eye On Equities column that Ms. Nattel raised her share target by a loonie to $46. Analysts on average target the shares at $42.63. Ms. Nattel says in a note: "Forecasting EPS 41 cents (up 59 per cent year-over-year), in line with consensus (range: 37 cents to 43 cents) when Saputo reports FQ4 on June 8. Key elements that characterized year-to-date earnings recovery should also underpin FQ4 performance, notably pricing initiatives, efficiencies gains and order fill rate improvements. While sharp improvement in the spread, partly offset by operating leverage/inventory realization headwinds could drive upside to our U.S. segment forecasts, F24 forecasts remain unchanged reflecting a reversal in the commodity backdrop since quarter end." The Globe reported on Feb. 14 that National Bank Financial had reaffirmed its "outperform" recommendation for Saputo when it was worth $36.56. The Globe reported on May 2 that Scotia Capital analyst George Doumet continued to rate Saputo "sector perform." It was then worth $34.21.