TD Securities lowered its price target on Premium Brands (PBH.TO) to C$130 from C$140 on Friday.
Analyst Derek J. Lessard maintained a buy rating on shares of the Canadian specialty food manufacturing and distribution company following its Q2 results on Thursday. The stock retreated in Toronto trading.
"We think yesterday's 14% haircut was overdone, but it likely cleared out investors without the appetite for quarterly" limited-time offer volatility, Lessard said in a note to clients.
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