The Globe and Mail reports in its Wednesday edition that RBC Dominion Securities analyst Ryland Conrad is maintaining his "sector perform" recommendation for Premium Brands Holdings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Conrad lowered his share target to $96 from $97. Analysts on average target the shares at $102.50. Mr. Conrad says in a note: "Despite the still challenged operating environment (value-seeking consumer behavior, underperforming lobster fisheries, sales headwinds for a major foodservice customer and tariff uncertainty), we believe management continues to execute on U.S. growth initiatives with significant capacity expansions, new customer wins and a healthy sales pipeline setting the foundation for the next phase of accelerated growth beginning in earnest in H2/25. While we remain on the sidelines given the still challenged operating/macro backdrop in combination with elevated leverage (4.5 times pro forma excluding leases), we continue to have confidence in management's execution and see potential upside in the shares at 9.1 times FTM [forward 12-month] EV/EBITDA as U.S. initiatives continue to scale with any meaningful macro improvement being an incremental tailwind."