In a report released today, Michael Van Aelst from TD Cowen reiterated a Buy rating on Alimentation Couche-Tard Inc, with a price target of C$85.00.
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Michael Van Aelst has given his Buy rating due to a combination of factors that highlight Alimentation Couche-Tard Inc’s strong financial position and growth potential. The company is trading at a valuation below 5x EBITDA, which does not fully account for its revenue growth prospects. This undervaluation presents a compelling investment opportunity as the market may not be fully recognizing the company’s potential.
Additionally, despite some challenges ahead, the company’s ability to maintain guidance and focus on business updates indicates resilience and strategic planning. The expectation of rising shares following the withdrawal of an offer for 7&i further supports the positive outlook. These elements combined suggest that Alimentation Couche-Tard Inc is well-positioned for future growth, justifying the Buy rating.
In another report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a C$82.00 price target.