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Canadian Tire Price Target Raised to C$217.00 at Desjardins

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Desjardins raised its price target on the shares of Canadian Tire (CTC-A.TO) to C$217.00 from C$200.00 on Tuesday.

Analyst Chris Li maintained a buy rating on shares of the retailer ahead of its second-quarter results on August 13.

"We expect results to reflect continuing benefits from True North initiatives (modest margin expansion and good SG&A control), resilient consumer demand, value-enhancing initiatives and a World Cup boost (SportChek), partly offset by a tough 2Q25 CTR comp, a delayed spring, rising cost pressures and growth investments," Li said in a note to clients.

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