-- RBC Capital Markets raised its price target on retailer Canadian Tire Corp. (CTC-A.TO) to $220 from $211.
Analyst Irene Nattel maintained an Outperform rating on shares of the Canadian retailer ahead of its quarterly results on May 14.
"Fine-tuning underlying assumptions, notably for Q1 to reflect resilient consumer demand through the end 2025, seasonal winter weather, and for SportChek, tailwind from the Olympic Winter Games and in Q2, the World Cup and Hockey Playoffs," Nattel said in a note to clients.
"Nonetheless, while we reiterate our view that CTC valuation understates CTR's strong positioning and solid profitability, we are adopting a more conservative stance for the rest of 2026, which we reflect in our Retail segment target multiple from 6.5x to 6.0x EBITDA," the analyst said.
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