01:56 PM EDT, 05/27/2025 (MT Newswires) -- BMO has raised its target on Empire Company to $53 (from $48), and reiterated its Market Perform rating.

Empire reports on June 19 before market open. BMO's SSS is lifted to +3.2%, from +2.7% previously. Street is +2.6%. "This would be a fourth consecutive quarter of q/q improving SSS," writes analyst Tamy Chen.

Chen also believes the underlying consumer's grocery shopping behaviour has not materially changed vs. early-2025.

"Separately, we wonder if very recently, the 'Buy Canadian' trend may be subsiding."

Price: 52.71, Change: +0.55, Percent Change: +1.05