Scotiabank Upgrades Loblaw (LBLCF) with Increased Price Target | LBLCF Stock News

Apr 11, 2025

Scotiabank has upgraded its outlook on Loblaw (LBLCF, Financial), moving its rating from Sector Perform to Outperform. The financial institution has also raised the price target for the Canadian retailer from C$190 to C$215. This adjustment is based on Loblaw's strong position in the Canadian retail and consumer products market, which is considered to be highly resistant to tariffs. The recent drop in the company's stock price presents a favorable opportunity for investors to consider purchasing shares.

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