Analyst Maintains Hold on Rogers Sugar, Keeps $7.00 Price Target Amid Volume Weakness and Policy Risks

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2026.05.11 16:37
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A Wall Street analyst from TD Cowen has maintained a Hold rating on Rogers Sugar, setting a price target of C$7.00. The decision follows a decline in underlying volumes for two consecutive quarters, despite stronger-than-expected Q2/F26 earnings. Factors influencing the rating include export disruptions, customer issues, and potential changes in trade rules under CUSMA, along with the impact of GLP-1 drugs on sugar demand. The outlook for F26 and F27 is stable but not compelling enough for an upgrade.