02:00 PM EST, 01/13/2025 (MT Newswires) -- National Bank has kept its $26 target and Outperform rating on Maple Leaf Foods ( MLFNF ) after the company released its 2025 outlook.

Key takeaways:

Maple Leaf Foods ( MLFNF ) expects 2025 sales growth in the mid-single digits (NBF models 3% y/y vs. cons. at 4% y/y) and EBITDA of at least $634 million (NBF is $639 million vs. cons. at $642 million).

The company could also evaluate share repurchases as management views its equity to be below intrinsic value. National Bank does not model 2025 NCIB.

Maple Leaf Foods ( MLFNF ) also raised its quarterly dividend by 9% to $0.24 from $0.22, and eliminated the dividend reinvestment plan.

Price: 21.53, Change: -0.28, Percent Change: -1.28