The Globe and Mail reports in its Friday, Aug. 22, edition that Scotia Capital analyst John Zamparo says he remains "constructive" on George Weston along with grocery peers Loblaw and Empire. The Globe's David Leeder writes that Mr. Zamparo continues to rate George Weston "sector perform," while hiking his share target to $99 from $95. Analysts on average target Empire shares at $101.29. Mr. Zamparo has a "sector outperform" recommendation on Loblaw. He boosted his Loblaw share target to $65 from $61. Analysts on average target Loblaw shares at $61.20. Mr. Zamparo reaffirmed his "sector outperform" call for Empire, while raising his share target to $63 from $62. Analysts on average target Empire shares at $56.63. Mr. Zamparo says in a note: "We anticipate deteriorating macro data (a boon for grocers generally), a continued flight to quality and generally solid execution. However, we concede that recent developments (more competitive environment, decelerating Buy Canadian movement, ongoing multiple expansion) create more risk to these names. Risks increasing, especially given valuations. ... These challenges are manageable in our view and should still allow for double-digit EPS growth across the group."
© 2026 Canjex Publishing Ltd. All rights reserved.