The Globe and Mail reports in its Tuesday, Feb. 3, edition that RBC Dominion Securities analyst Irene Nattel has reaffirmed her "outperform" recommendation for Saputo. The Globe's David Leeder writes in the Eye On Equities column that Ms. Nattel gave her share target a $5 boost to $47. Analysts on average target the shares at $44. Ahead of the release of its quarterly results on Thursday, Ms. Nattel reiterated her view that Saputo's fiscal 2026 is "proving to be a key inflection year on earnings and cash flow as the convergence of internal initiatives and more favourable regional operating backdrops help stabilize the business." Ms. Nattel is currently projecting earnings per share for its third quarter of 51 cents, up 29 per cent year-over-year but three cents below the current consensus on the Street but emphasizing a wide range of estimates reflects challenge of forecasting cadence of recovery outside Canada. Domestically, she says the result is driven by a "steady and solid" performance "underpinned by commercial initiatives/volume growth and mix, pricing should offset modest cost creep." South of the border, Ms. Nattel sees a "constructive" outlook despite persistent commodity price volatility.