The Globe and Mail reports in its Tuesday, June 6, edition that Desjardins Securities analyst Chris Li has reaffirmed his "buy" recommendation and $43 share target for Saputo. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $42.63. Mr. Li says Saputo's fourth quarter 2023 results, scheduled to be released on Thursday, are likely to "reflect continuing favourable trends and reaffirm our confidence in 14– to 15-per-cent EBITDA growth this year." Mr. Li says in a note: "While long-term earnings visibility is limited by dairy commodities outside Saputo's control, our positive view is based on its relatively attractive EBITDA growth (approximately 15-per-cent CAGR in the next two years, mainly driven by the realization of strategic plan benefits (network optimization, cost reduction). This should result in valuation (10.5 times forward EBITDA) moving closer to the 12 times average. ... While long-term earnings visibility is limited by dairy commodities outside SAP's control, our positive view is based on its relatively attractive EBITDA growth (15-per-cent CAGR) over the next two years, mainly driven by the realization of strategic plan benefits."