Inside the Market’s roundup of some of today’s key analyst actions
) “improved visibility” being confirmed by better-than-expected fourth-quarter results and a “more robust” 2025 outlook, leading him to upgrade its shares to an “outperformer” rating from “neutral” previously.
Mr. Coupland said his thesis for Celestica is based on several factors, including an acceleration in hyperscaler spending on data centre hardware by 40 per cent by 2027 with an acceleation based on DeepSeek’s open-source, capital-light model as well as a re-acceleration in the visibility surrounding revenue and EPS leverage tied to growth.
After the bell on Thursday, CN reported quarterly revenue of $4.248-billion, relatively in line with the Street’s expectation of $4.361-billion. Adjusted fully diluted earnings per share of $1.82 fell 9 cents under the consensus forecast and the railway’s operating ratio deteriorated beyond estimates.
After reducing his revenue and earnings expectations through fiscal 2027, Mr. Poirier lowered his target for CN shares to $176 from $180 with a “buy” rating. The average is $172.77.* RBC Dominion Securities’ Walter Spracklin to $171 from $174 with an “outperform” rating. Expressing “cautious optimism,” Mr. Shreedhar earnings per share to jump “significantly” higher to $4.62 for the quarter from $3.38 in the last fiscal year and well above the Street’s forecast ot $4.27. He attributes that gain to “positive sssg at all banners, Retail gross margin expansion, SG&A leverage, full consolidation of CTFS and share repurchases over the last 12 months, partly offset by a higher tax rate year-over-year .
“Given soft consumer demand and uneven operating performance, we see more attractive opportunities elsewhere in our coverage universe. That said, green shoots appear to be emerging,” he concluded.largest home retailer with “dominant market share that’s poised to grow” and seeing its strategy to surface real estate value provides significant optionality.”
“The shift is in tune with consumer behaviour as online shopping expands, but more importantly, it offers SG&A cost savings that allows for margin enhancement for LFL driven by supply chain optimization,” he said. “Given the solid track record of retail execution, we expect LFL to deliver on its centralization strategy that will drive a growing degree of operating leverage and accelerating earnings growth as adjusted EBITDA margins expand.
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