02:05 PM EDT, 03/20/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to CAD74 from CAD66, representing approximately 25x our 2027 EPS estimate of CAD2.95 (up from CAD2.85; 2026 EPS also lifted to CAD2.66 from CAD2.62). This multiple represents a premium to the stock's five-year average of 18x, yet remains at a discount to big-box discount peers such as WMT and COST, both of which have experienced significant multiple expansion in recent years. We are increasingly constructive on L given its expanding discount footprint through the No Frills and Maxi banners, which could see accelerating growth this year as elevated oil/gas prices push consumers further toward value-oriented formats. In addition to effective cost management, we believe L's guidance for high single-digit EPS growth will prove conservative. We now model 11% earnings growth in 2026 and 2027, implying a three-year EPS CAGR of approximately 12%, above most retail peers. L also has a strong balance sheet and plenty of liquidity and strong FCF to continue repurchasing shares.