01:13 PM EDT, 06/06/2024 (MT Newswires) -- National Bank hosted its 14th Annual Quebec Conference on June 5.

Analyst Vishal Shreedhar conducted fireside chats with executives from Alimentation Couche-Tard ( ANCTF ), Lassonde and Metro.

Key points:

Couche-Tard (Sector Perform, $83 target) reaffirmed its commitment to its "10 for the Win" strategy, where it aims to deliver EBITDA of $10 billion by F2028. The TotalEnergies integration is on track with management reiterating confidence to achieve synergies of $187 million.

Lassonde (Outperform, $182 target) indicated that the U.S. turnaround remains on track, supported by facility improvements and new contracts wins, amongst other initiatives.

Metro (Sector Perform, $82 target) is at the tail-end of significant supply-chain investments, which should result in improving EPS growth, and moderating capex in F2025+. "We believe that Metro is a strong company which has delivered solid long-term returns; however, these attributes are adequately reflected in valuation."

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