January 19, 2018 / 1:27 PM / a year ago

BUZZ-Maple Leaf Foods Inc: RBC raises PT on favorable pork prices

** RBC Capital Markets raise PT on Canadian packaged meats producer’s stock to C$38 from C$37

** Says MFI’s Q4 results to benefit from higher live hog prices and better pork processing spreads sequentially; revises diluted operating EPS estimates to C$0.41 from C$0.37

** Co to also benefit from price hike implemented in Q3 for certain categories to offset certain cost increases, especially for bellies and bacon

** 4 of 7 brokerages rate the stock “buy” or higher, 3 “hold”; median PT C$38

** MFI up 25.6 pct on TSX over the last 12 months (Reporting by Ahmed Farhatha)

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