12:29 PM EDT, 10/15/2024 (MT Newswires) -- National Bank has lifted its one year target on MTY Food ( MTYFF ) to $57 (from $54) and reiterated its Outperform rating.

Analyst Vishal Shreedhar said MTY Food's ( MTYFF ) third quarter results were "reasonable" given an EBITDA beat and low valuation. However, National's positivity is slightly tempered by light sssg and negative unit growth. MTY indicated the restructuring is largely complete and restated its confidence to generate organic growth. NBF is modeling positive sssg from Q1/F25+.

Price: 48.16, Change: +2.41, Percent Change: +5.27