The Globe and Mail reports in its Thursday, April 28, edition that Scotia analyst Mark Neville has reiterated his "sector outperform" call for Winpak. The Globe's David Leeder writes in the Eye On Equities column that Mr. Neville raised his share target to $54 from $51. Analysts on average target the shares at $48.50. Mr. Neville says in a note: "Q1 results came in well ahead of expectations (EBITDA beat by 23 per cent) as selling price adjustments largely caught up with higher input costs. We expected margins to recover (from 2H/21 levels), but the recovery was faster and more pronounced than we had forecast -- i.e., Q1 gross margin (of 29.5 per cent) was above our prior full year 2023 forecast (of 29.0 per cent). While management cautioned that there could be some N/T compression in margin given the recent increase in resin prices and the lag on pricing adjustments, it doesn't sound as if the impact will be overly material. It's also off a higher base than we previously forecast -- as mentioned." The Globe reported on March 9, 2021, that RBC rated Winpak "sector perform." It was then worth $40.93. The Globe reported on July 21, 2021, that CIBC kept Winpak at "neutral." Its shares were then going for $38.08.