North West Co Price Target Raised To $63 At CIBC

CIBC Capital Markets raised its price target on The North West Company Inc. (NWC.TO) to $63 from $57.Analyst Ty Collin maintained an outperformer rating on shares of the Canadian grocery and retail company following its quarterly results on Wednesday.The stock rose $3.38, or 6.5%, to $55.60 on the Toronto Stock Exchange."NWC reported a better-than-feared FQ4 (ending January 31), led by outperformance in International," Collin said in a note to clients."We continue to see meaningful near- and long-term catalysts for NWC, including ongoing settlement payments and significant infrastructure/military investments being made in the Canadian North," the analyst said."While NWC has some exposure to higher oil costs, overall we believe the company is well positioned given its food-focused offering and pricing power," Collin said."Q1/F26 presents a final challenging comp before it gets easier, and with settlement payments and Next 100 benefits expected to continue building, we view NWC's outlook positively."(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

-- CIBC Capital Markets raised its price target on The North West Company Inc. (NWC.TO) to $63 from $57.

Analyst Ty Collin maintained an outperformer rating on shares of the Canadian grocery and retail company following its quarterly results on Wednesday.

The stock rose $3.38, or 6.5%, to $55.60 on the Toronto Stock Exchange.

"NWC reported a better-than-feared FQ4 (ending January 31), led by outperformance in International," Collin said in a note to clients.

"We continue to see meaningful near- and long-term catalysts for NWC, including ongoing settlement payments and significant infrastructure/military investments being made in the Canadian North," the analyst said.

"While NWC has some exposure to higher oil costs, overall we believe the company is well positioned given its food-focused offering and pricing power," Collin said.

"Q1/F26 presents a final challenging comp before it gets easier, and with settlement payments and Next 100 benefits expected to continue building, we view NWC's outlook positively."

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)