The Globe and Mail reports in its Friday, Feb. 20, edition that RBC Capital analyst Ryland Conrad has reaffirmed his "sector perform" recommendation for MTY Food Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Conrad gave his share target a $3 boost to $48, matching the consensus. Mr. Conrad says in a note: "While the outcome of the recently announced strategic review could be a catalyst for the shares, there remains considerable uncertainty with respect to scope, probability, timing and valuation of any potential transaction(s). As such, our focus remains on the organic growth trajectory, and although we believe the company is working through recent challenges and making progress strengthening its network, we expect sustained macro and competitive headwinds to limit any meaningful improvement in the near-term. We continue to see value in the shares at 6.8 times FTM [forward 12-month] EV/EBITDA and the 2026E FCF yield of 12 per cent provides some downside protection from current levels, but we remain on the sidelines pending greater visibility."