The Globe and Mail reports in its Friday edition that following a fourth quarter revenue and earnings miss, National Bank Financial analyst Ahmed Abdullah trimmed his share target for Winpak to $53 from $55 with an unchanged "outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $51.33. Mr. Abdullah says in a note: "Winpak remains optimistic about its 2025 but qualified its outlook by noting that there is significant uncertainty regarding the nature, extent and duration of various protectionist trade measures that have been and may be enacted within North America and the consequential impact on economic growth, inflation, foreign exchange and interest rates in addition to the immediate impact on the company' cost structure. The company has assessed and will continue to assess both the short-term and long-term countermeasures that can be undertaken to mitigate the potential negative impacts. Winpak sees sales volume growth of 5 per cent to 7 per cent in 2025 (was 4 per cent to 6 per cent, NBF at 5.5 per cent). This is primarily driven by new opportunities with new and existing customers within pet food, IML, dairy and health care businesses."