Transcontinental Should Benefit from Price Controls, M&A -- Market Talk

Dow Jones03-25

1234 ET - Transcontinental's retail services and print segment remains in secular decline, but Scotiabank's Maher Yaghi says cost controls and acquisitions should help offset the strain. The company recently sold off its packaging segment and paid out a C$20-a-share special dividend with the proceeds. Scotiabank downgrades the share price target to C$6 from C$26 to reflect the new scale of the business. "We value that business at 4x EV/EBITDA as the segment remains in secular decline but profitability should be helped by cost reductions and M&A," Yaghi says. Shares are trading 11% higher at C$5.33. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 12:34 ET (16:34 GMT)

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Scotiabank downgrades the share price target to C$6 from C$26 to reflect the new scale of the business. \"We value that business at 4x EV/EBITDA as the segment remains in secular decline but profitability should be helped by cost reductions and M&amp;A,\" Yaghi says. Shares are trading 11% higher at C$5.33. 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