The Globe and Mail reports in its Saturday, July 23, edition that BMO Nesbitt Burns analyst Stephen MacLeod has an unchanged "market perform" recommendation on Winpak. The Globe's David Leeder writes in the Eye On Equities column that Ms. MacLeod boosted his share target to $52 from $46. Analysts on average target the shares at $51. Winpak posted second quarter results that met Mr. MacLeod's expectations. Mr. MacLeod says in a note: "Volume growth recovered after the supply chain-related Q1 pause, and the outlook is constructive (new capacity additions, business wins, backlog of lidding demand); we forecast 2022 mid-single-digit volume growth. Resin price relief and selling price increases should lead to stable H2 gross margins (69-per-cent revenues indexed, 90- to 120-day lag), but we expect margin to remain below historical levels. The stock has been resilient year-to-date (up 26 per cent) against a tough market backdrop, and we think should continue to behave defensively." The Globe reported on July 21, 2021, that CIBC kept Winpak at "neutral." Its shares were then going for $38.08. The Globe's guest columnist Gordon Pape recommended buying Winpak when it could be had for $42.62.