The Globe and Mail reports in its Friday, Sept. 27, edition that National Bank Financial analyst Ahmed Abdullah rates Winpak "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Abdullah set a share target of $55. Analysts on average target the shares at $52. Mr. Abdullah sees Winpak as a specialized packaging company with a strong presence in North American consumer staples, and he is optimistic about its growth prospect due to ongoing investments. Mr. Abdullah says in a note: "Winpak is trading at the bottom of the peer group average EV/EBITDA multiples despite its solid fundamentals. ... We believe Winpak's fundamentals stack up well versus peers, which gives us all the more reason to argue that Winpak should trade close to this peer average. In addition to EBITDA margins at Winpak being higher than peers, its solid cash position (compared to 3.2 times average leverage for peers) positions the Company well for future investments. That is reflected in the expected CAGR [compound annual growth rate] for EBITDA from 2023 to 2025, as the peer average sits at 2.8 per cent while Winpak is expected to see a 5.4-per-cent CAGR."