02:36 PM EDT, 10/21/2024 (MT Newswires) -- National Bank has raised its target on Cascades to $11.50, from $10, and reiterated its Sector Perform rating.

Analyst Zachary Evershed is calling for third quarter sales of $1,208 million (Street: $1,188 million) and Adj. EPS of $0.17 (Street: $0.15).

"Lower fibre costs see positive revisions to our estimates, raising our target to $11.50 (was $10) based on an unchanged sum-of-parts valuation," Evershed adds.

National Bank is maintaining a cautious stance given volatility in the operating environment, but acknowledges recent improvements in disclosure for near-term guidance.

Cascades reports its third quarter results on November 7.

Price: 10.65, Change: -0.08, Percent Change: -0.75