12:20 PM EDT, 08/25/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We adjust our target price and estimates following L's four-for-one stock split, effective August 19, 2025. Our revised target price is $58, equivalent to the pre-split target of $232. EPS estimates are unchanged, now reflected on a split-adjusted basis, with 2025 at $2.42 (vs. $9.66 pre-split) and 2026 at $2.64 (vs. $10.55 pre-split). Separately, we note Canadian food inflation is accelerating, with July food CPI up 3.4% Y/Y vs. 2.8% in June, led by confectionery (+12%), coffee (+29%), and fresh fruit (+4%; including a 30% increase in grapes). We attribute inflation in commodities like coffee beans and cocoa to unfavorable weather conditions in many growing regions. We expect rising food inflation to support L's top line and drive better operating leverage.