Canadian frozen seafood giant High Liner's fourth-quarter results have gained a largely favorable response from analysts, amid expectations that earnings will increase in 2020 as the company pushes on with its turnaround plan, now well into its second year.

Praise from analysts has been a scarce commodity for High Liner in recent years, but after implementing its strategy aimed at revitalizing the business, 235 less-profitable products and eight species were dropped last year and new customers were targeted with new products.