The Globe and Mail reports in its Wednesday, May 15, edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Premium Brands Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry tweaked his share target ahead by $2 to $106. Analysts on average target the shares at $112.10. Mr. Landry saw the first quarter financial results from Premium Brands as a "good start" to 2024, calling its ability to increase its earnings before interest, taxes, depreciation and amortization on a year-over-year basis for 15 consecutive quarters "an impressive feat given the slow economic growth in Canada." Mr. Landry says in a note: "Following a difficult Q4/23 performance in Canada, with revenues down 7.5 per cent year-over-year, Premium Brands increased promotional activity. This appears to have paid off in Q1/24 with revenues in Canada increasing 1.6 per cent year-over-year. The specialty foods segment grew organic volumes by 1.1 per cent year-over-year, a significant improvement vs. the 4.4-per-cent year-over-year decline reported in Q4/23." The Globe reported on Nov. 16 that Mr. Landry had upgraded Premium Brands to "buy" from "hold." It was then worth $91.90.