The Globe and Mail reports in its Friday, May 9, edition that Scotia Capital analyst John Zamparo has reaffirmed his "sector perform" call for Premium Brands Holdings. The Globe's David Leeder writes that Mr. Zamparo gave his share target a $3 boost to $91. Analysts on average target the shares at $103.50. Mr. Zamparo says in a note: "The primary takeaway from Q1 is sterling growth in the U.S. supports a bullish long-term argument for the stock, though we expect some lumpiness this year. In Q1 the positives clearly outweighed the negatives: capacity additions are nearly complete, product launches are being executed and this pace of U.S. growth should inspire confidence from the Street. On the other hand, margins were a bit soft (meaning higher sales didn't trickle down to earnings/cash flow), leverage remains elevated and Clearwater faces more struggles. Still, Q1 was a clear step forward. Ultimately, we still believe the optimal time to buy the stock will be later this year, when Premium Brands Holdings' Tennessee facility fully ramps and investors can gain visibility to stronger FCF in 26." The Globe reported on April 8 that CIBC had boosted Premium Brands to "outperformer" from "neutral." It was then worth $75.59.