FINWIRES · TerminalLIVE
FINWIRES

Empire Price Target Raised to $58 at CIBC

By

CIBC Capital Markets raised its price target on Empire Co. Ltd. (EMP-A.TO) to $58 from $54.

Analyst Mark Petrie maintained an Outperformer rating on shares of the Canadian food retailer following its quarterly results on Thursday.

The stock rose $1.92, or 3.9%, to $51.25 on the Toronto Stock Exchange.

"Empire reported somewhat noisy FQ4 results that we would call essentially in line with our expectations," Petrie said in a note to clients.

"The Canadian consumer continued to seek value, particularly amid greater macro uncertainty and higher fuel prices in recent months," the analyst said. "For grocers, this means more discount and private label, and a focus on promotions."

"This naturally puts EMP at a disadvantage given its underexposure to discount segment, but management has placed increasing emphasis on highlighting - and delivering - value across all banners," Petrie said.

Related Articles

Research

New Street Research Downgrades ARM to Neutral From Buy, $375 Price Target

ARM Holdings (ARM) has an average rating of overweight and mean price target of $271.38, according to analysts polled by FactSet.Price: $444.71, Change: $+25.83, Percent Change: +6.17%

$ARM
Research

Stephens Upgrades CarMax to Overweight From Equalweight, Price Target is $66

CarMax (KMX) has an average rating of hold and mean price target of $43.67, according to analysts polled by FactSet.(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)Price: $51.78, Change: $+4.35, Percent Change: +9.17%

$KMX
Research

Curbline's Acquisition-Driven Upside Largely Priced In, Morgan Stanley Says

Curbline Properties (CURB) may face a tougher path to sustaining its acquisition-driven growth as rising competition and a richer valuation shift investor focus from deal volume to deal quality, Morgan Stanley said in a note Thursday.The brokerage said Curbline has successfully executed on its growth strategy, highlighted by increased 2026 acquisition guidance of $850 million, 4.8% Q1 same-property NOI growth and leased occupancy of 96.3%. However, Morgan Stanley believes much of that progress is now reflected in the stock price, with future upside increasingly dependent on the company's ability to source attractive acquisitions without sacrificing returns.The top investment bank also noted that solid foot traffic and sales growth and limited new retail supply continue to support the broader retail REIT sector, though valuations have become less compelling following a strong year-to-date rally.Morgan Stanley downgraded Curbline Properties to 'Equal Weight' from 'Overweight' and set a price target of $30.(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)

$CURB