The Globe and Mail reports in its Friday, Nov. 8, edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Premium Brands Holdings. The Globe's David Leeder writes that Mr. Landry gave his share target a $5 haircut to $101. Analysts on average target the shares at $105.33. Mr. Landry says Premium Brands is "testing investors' patience." Mr. Landry says in a note: "Premium Brands' EPS had been flat or declining for the last seven quarters and Q3/24 was supposed to be the inflection point where EPS would return to a growth mode. Hence, the decline in earnings disappointed and investors reacted by sending Premium Brands' shares down 8 per cent on the day. Part of the shortfall is explained by delays in onboarding new customers, combined with weak volume at a key customer. As a result, management suspended its annual guidance on limited visibility into the year-end. Despite this setback management exhibited confidence heading into 2025, expecting strong revenue growth. However, given the three consecutive years of earnings shortfall vs. guidance, Premium Brands has become more of a 'show-me story' than before. Hence, shares could be range bound near-term despite depressed valuation."