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Investing.com - BMO Capital upgraded High Liner Foods Inc. (TSX:HLF) (OTC:HLNFF) from Market Perform to Outperform while maintaining its price target of C$20.50.
The upgrade reflects BMO’s view that High Liner is transitioning to a period of revenue growth following pandemic-related declines, which should drive stock price performance.
BMO Capital analyst Nevan Yochim noted that while tariff-related pressures will create margin headwinds in the second half of 2025, the firm expects accelerating EBITDA growth in 2026 and beyond.
The anticipated EBITDA improvement is expected to come from increasing revenue and synergies realized from High Liner’s recent acquisition of the Mrs. Paul’s and Van de Kamp’s brands.
BMO believes High Liner’s diversified business model positions the company to drive growth despite an uncertain macroeconomic environment.
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