01:45 PM EST, 01/13/2025 (MT Newswires) -- National Bank has raised its target on Metro by $5, to $94, and reiterated its Sector Perform rating.

Analyst Vishal Shreedhar is projecting 7.2% y/y EPS growth for the fiscal first quarter.

"Our expectation of continued momentum in food retail for MRU largely reflects, among other factors, continued growth in transactions while basket is expected to remain stable," he writes.

Shreedhar also notes that for the drug store front: OTC sales likely to be lower with government data indicating lower influenza cases, and higher beauty sales reflecting solid consumer demand.

Metro reports its first quarter results on Jan. 28.

Price: 90.25, Change: -0.02, Percent Change: -0.02