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Alimentation Couche-Tard (TSE:ATD) has received a C$97.00 price target from UBS Group, indicating a potential upside of 19.22%. While the stock holds a "Moderate Buy" rating, it was not included in a list of top stocks recommended by analysts, who favor five other stocks instead. Currently, the stock is trading at C$81.36, with an average price target of C$88.50 from various analysts.
Loblaw Companies received a C$225.00 price target from UBS Group, indicating a potential upside of 15.63%. The stock has a "Moderate Buy" rating, with analysts from various firms adjusting their targets, reflecting a consensus price target of C$197.00. Currently trading at C$194.58, Loblaw has a market cap of C$59.42 billion and operates major grocery and pharmacy brands across Canada.
Loblaw Companies received a C$225.00 price target from UBS Group, indicating a potential upside of 15.63%. The stock has a "Moderate Buy" rating, with analysts from TD Securities, Royal Bank of Canada, and others adjusting their price targets, reflecting a consensus target of C$197.00. Currently trading at C$194.58, Loblaw has a market cap of C$59.42 billion and operates major grocery and pharmacy brands across Canada.
UBS Group has set a C$98.00 price target for Metro (TSE:MRU), maintaining a "neutral" rating, indicating a potential upside of 5.41%. The stock recently traded down 0.7% to C$92.97, with an average rating of "Hold" from analysts and a market cap of C$20.70 billion. Metro operates in the food and pharmaceutical sectors across Canada, offering a variety of grocery and fresh products.
UBS Group has set a C$98.00 price target for Metro (TSE:MRU), maintaining a "neutral" rating, indicating a potential upside of 5.41%. The stock recently traded down 0.7% to C$92.97, with an average rating of "Hold" from analysts and a market cap of C$20.70 billion.
Global markets faced a downturn this week as rising government bond yields followed the US inflation data and the ECB's hawkish rate cut. European stocks showed mixed results, with consumer stocks rallying amid hopes for Chinese stimulus, while US markets were mixed, led by gains in technology shares despite losses in most sectors. In China, stock markets rallied on expectations of further stimulus measures.
Sandoz Group AG plans to launch a generic version of Ozempic in Canada by 2026, targeting the growing demand for GLP-1 weight-loss drugs amid high prices for branded options. The company is investing in production to ensure a reliable supply of semaglutide, the active ingredient, as it anticipates significant market potential if prices decrease. With obesity affecting one in three Canadian adults, Sandoz aims to make these effective treatments more accessible.
Sandoz Group AG is set to launch a generic version of Ozempic in Canada by 2026, aiming to challenge Novo Nordisk A/S. The Swiss company anticipates strong demand for GLP-1 weight-loss drugs, particularly generics, due to the high costs of branded options, despite competition from Novo and Eli Lilly & Co.
Sandoz Group AG is set to launch a generic version of Ozempic in Canada by 2026, aiming to compete with Novo Nordisk A/S. The Swiss company anticipates strong demand for GLP-1 weight-loss drugs, particularly due to the high costs of branded options, despite advancements from competitors like Eli Lilly & Co.
The Bank of Canada is expected to announce its fifth consecutive rate cut, potentially reducing rates to 3.25%. Technical indicators for USD/CAD show bullish trends, with strategies favoring buys after significant reversals or breakouts. Market sentiment leans towards selling CAD, with a notable majority of IG clients holding short positions.
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