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Investing.com - RBC Capital initiated coverage on North West Co Inc. (TSX:NWC) (OTC:NNWWF) with an Outperform rating and a price target of C$60.00.
The retailer operates 230 stores across Northern Canada, Alaska, the Caribbean, and South Pacific regions, focusing on underserved remote communities.
RBC Capital analyst Ryland Conrad highlighted the company’s defensive attributes and idiosyncratic growth drivers as key factors supporting the positive outlook.
The firm expressed preference for stocks with defensive characteristics amid the current backdrop of elevated macroeconomic uncertainty and fluid trade environment.
North West Co’s business model serving remote communities positions it favorably in RBC’s view, with the analyst noting that the company "firmly checks both of those boxes" regarding defensive attributes and growth potential.
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