03:30 PM EDT, 05/01/2025 (MT Newswires) -- BMO has raised its target to $220, from $200 at BMO after the company reported its first-quarter results on Wednesday.

"Compared to earlier in the year, we are now more comfortable with Loblaw's ( LBLCF ) ability to achieve its 2025E outlook despite higher y/y store start-up costs and a DC ramp," writes analyst Tamy Chen.

Reiterate Market Perform.

Price: 223.90, Change: +0.10, Percent Change: +0.04