-- Simply Good Foods (SMPL) has an average rating of overweight and mean price target of $19.50, according to analysts polled by FactSet.
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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our price target to $222 from $199, on a P/E of 22x our 2027 EPS, below VRSN's three- and five-year historical forward averages of 26x-29x to reflect our view of structural margin pressure and limited pricing flexibility. We increase our 2026 EPS estimate to $9.62 from $9.48 and our 2027 estimate to $10.10 from $9.91, due to better-than-expected domain base momentum and the pricing increase. We expect VRSN's domain base to benefit from AI-powered website creation tools democratizing online presence and the continued stickiness of the company's registry monopoly. However, we remain cautious on the stock given sharply elevated capex due to AI-induced server and memory component inflation, while ICANN's annual pricing cap limits the company's ability to fully offset cost escalation. This structural mismatch, combined with a large first-time renewal cohort arriving in 2H 2026 that converts at roughly half the rate of repeat renewals, support our maintenance of the Sell rating.
The Toronto Stock Exchange posted a modest drop for a second-straight session Friday with BMO's Douglas Porter noting "as much as the equity market wants to move on from the [Middle East] conflict, a renewed spike in oil beckons if the U.S. and Iran can't soon reach some kind of arrangement on the Strait" amid reports the two sides will meet for talks in Pakistan this weekend.The S&P/TSX Composite Index closed down 8.82 points at 33,904.11, with sectors mixed. The Battery Metals Index was the biggest loser, down 2.5%, while Health Care was the biggest gainer, up near 4%.Looking ahead, the key question for policymakers is whether the war on Iran can be resolved in time to avert another big step up in oil prices and "keep consumers on track", said BMO Capital Markets chief economist Porter in his weekly 'Talking Points' note. Porter wrote: "While the current stalemate in the Strait (of Hormuz) is not overly rattling oil, many analysts have noted that true physical shortages are poised to emerge very soon if the crude doesn't begin to flow from the Gulf. As much as the equity market wants to move on from the conflict, a renewed spike in oil beckons if the U.S. and Iran can't soon reach some kind of arrangement on the Strait. And even the AI boom may not be able to override another sharp run-up in energy costs."The Bank of Canada is expected to stay firmly on hold next week, so the "big debate" is whether Governor Macklem will "lean hawkishly" in his remarks, with the market still pricing in a hike later this year, noted Porter. He said this week "brought a couple of big strikes against the hawks". First, CPI was "nicely" below expectations in March at 2.4% y/y, and all measures of core came in "mild". That's three consecutive months of "decent" CPIs, with prices ex food, energy and taxes up at a mere 0.5% annual pace over that time. Second, the looming USMCA review surged back onto the front page, with some "heated rhetoric" on both sides, pointing to some turbulence ahead. Porter noted Canada's lead negotiator counselled calm, but businesses may heed that call to hold their nerve by also holding their spending. "With trade uncertainty still dragging heavily on Canada's economy, we continue to believe that the best course of action for the Bank is zero action," Porter said.National Bank published a BoC preview entitled 'Keep calm and look through inflation' in which it said the central bank is set to leave its overnight target unchanged at 2.25% on April 29, a decision widely expected by forecasters and OIS markets. This would mark the fourth consecutive hold after policymakers first declared in October that policy is at "about the right level" to keep inflation near target and support the economy's transition, National Bank noted.Traders have stripped out the three hikes that were "briefly" priced for 2026, but a tightening bias clearly remains, according to National Bank, which doesn't expect Governing Council to explicitly endorse this, instead reiterating that policy is appropriately calibrated. They will continue to look through the war's "immediate" impact on inflation while also assuring that they will not let higher energy prices spread or become persistent inflation, National Bank added.The BoC's statements will acknowledge weaker than expected growth and sluggish job market performance, National Bank said. On the other hand, it should concede that before the war, business confidence was improving even with the "layers of uncertainty" weighing on the economy, it added.Despite the surge in gasoline prices, recent inflation data has been "encouraging" as underlying price pressures continue to cool, National Bank noted. For now, soft core inflation supports looking through the headline CPI spike, the bank said. In an updated MPR, expect the all-items inflation outlook to be marked up reflecting higher gas prices, it added.However, revisions to core inflation projections should be minimal, National Bank said, adding the GDP growth profile is likely to be downgraded "modestly" with Q4 2025 performance weaker than expected, Q1 2026 tracking below earlier estimates and the labour market underwhelming. "The Bank may note that risks to growth are skewed lower and risks to inflation are skewed higher."Of commodities today, Energy was down 1.35% as West Texas Intermediate crude oil fell following reports that said Pakistani officials expect another round of peace talks between the United States and Iran. WTI crude oil for June delivery closed down US$1.45 to settle at US$94.40 per barrel, while June Brent oil was last seen up US$0.15 to US$105.22.Base Metals lost 0.6% even with gold steady as the dollar and yields eased on reports that Iran is ready to resume negotiations with the U.S to end their war. Gold for May delivery was up US$12.80 to US$4,76.80 per ounce.
The S&P 500 and Nasdaq rose to records on Friday after Intel (INTC) reported strong Q1 results and the US sent envoys to Pakistan for Iran peace talks.* US envoys Steve Witkoff and Jared Kushner will travel to Pakistan on Saturday to participate in talks involving Iran, CNN reported, citing the White House.* The University of Michigan consumer sentiment index was revised upward to 49.8 for April from the preliminary estimate of 47.6, compared with expectations for 48.5 in a Bloomberg survey.* May West Texas Intermediate crude oil fell $0.81 to settle at $95.04 per barrel, while June Brent crude, the global benchmark, was last seen up $0.86 at $105.93.* Intel shares jumped 24%, the top gainer on the S&P and Nasdaq, after the company reported higher Q1 adjusted earnings and revenue while issuing a Q2 outlook above market expectations.* Charter Communications (CHTR) shares fell 26%, the biggest decline on the S&P and Nasdaq, after the company reported Q1 earnings below market estimates as revenue declined.