Loblaw Downgraded to Buy After 30% Run

Analysts at TD Securities downgrade Loblaw
LBLCF
  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B
from "action list buy" to "buy." The target price for LBLCF is set to $51. TD Securities says, “Year to date, Loblaw has been the best performing stock in our coverage universe by a wide margin – i.e., the share price is up almost 30% since we upgraded on January 20th and up more than 7% since reporting Q2 consensus beating results on July 22. However, this strong performance also means that there is now less of a buffer in the event of temporary IT integration challenges and/or labour strife, both of which are possible in the coming quarters.” “As a result, we have found it increasingly difficult to pound the table as the price continues to hit new 52-week highs….That said, should the stock pull back meaningfully on these or other temporary events, it could provide a more attractive entry point and an opportunity to upgrade our recommendation again,” the analysts add.
More Analyst Ratings here
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