National Bank Has Outperform Rating On Loblaw (L)

National Bank released a research report this morning in which they said that they are bracing for a rough patch in shares of Loblaw Companies (TSE:L), but that long term upside remains in-tact. Loblaw (L) trades on the Toronto Stock Exchange.

National Bank has a $42.00 target price on the shares. In today's trading, the stock has lost 0.19% to $36.53. Loblaw Companies Limited (L) is a Canada-based company. The Company is engaged in food distribution and is also a provider of drugstore, general merchandise and financial products and services.