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Agri-Mark, Cabot Creamery to transition to 30% PCR packaging for 8oz. cheese bars, following a shelf-life and feasibility study with TC Transcontinental Packaging; transition expected to reduce GHG and fuel requirements, save water during manufacturing

Transcontinental Inc. Announces Results For The Second Quarter Of Fiscal 2024

RBC maintains Transcontinental at outperform, lifts target C$1 to C$22; though cyclical headwinds will impact both packaging and printing volumes, cost efficiencies and easing destocking pressures should translate to renewed EBITDA growth in fiscal 2024

CIBC maintains Transcontinental at outperformer, lifts target by C$1 to C$17 and raises 2024 EBITDA estimate, as cost reduction initiatives gain traction; company expected to reduce debt over coming year on healthy free cash flow, real estate asset sales

Scotia Capital assumes coverage of Transcontinental at sector outperform with C$19.50 target, sees packaging business as having good upside potential; 2024 could be a turnaround year, as reduced earnings volatility and improved margins start to take hold

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