The Globe and Mail reports in its Wednesday, May 1, edition that National Bank Financial analyst Vishal Shreedhar, in a first quarter earnings preview, elevated his share target for Premium Brands Holdings by a loonie to $110 with an unchanged "sector perform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $111.40. Mr. Shreedhar says in a note: "We project EBITDA growth of 4.5 per cent year-over-year, reflecting solid organic sales growth and margin expansion in specialty foods (SF); these factors are expected to be partly offset by softer performance in premium food distribution (PFD). Over the medium term, we believe that Premium Brands' outlook will be supported by solid organic growth and EBITDA margin expansion (to 9.4 per cent in 2024 from 8.9 per cent in 2023). Premium Brands currently trades at 10.5 times our NTM [next 12-month] EBITDA, lower than the five-year average of 13.5 times." The Globe reported on Oct. 27 that Mr. Shreedhar had reaffirmed his "sector perform" recommendation for Premium Brands when it could be had for $89.55. The Globe reported on March 19 that Desjardins rated Premium Brands "buy," when it was worth $88.98.