Tamy Chen, an analyst from BMO Capital, maintained the Buy rating on Alimentation Couche-Tard Inc (ATD – Research Report). The associated price target was lowered to C$82.00.
Tamy Chen has given her Buy rating due to a combination of factors that highlight potential growth opportunities for Alimentation Couche-Tard Inc. Despite the challenging macroeconomic environment, the company is actively pursuing strategic initiatives to enhance the value proposition of its U.S. convenience stores. The stock is currently trading at a favorable valuation compared to its historical range, suggesting potential upside.
Furthermore, Alimentation Couche-Tard is exploring various merger and acquisition opportunities, particularly in Europe and Asia, which could drive future growth. The company’s efforts to improve U.S. merchandise sales have shown positive results, and management remains optimistic about overcoming current headwinds in the fuel segment. These factors collectively support the Buy rating, as they indicate the company’s potential for long-term growth and value creation.
According to TipRanks, Chen is ranked #7529 out of 9393 analysts.
In another report released today, Scotiabank also maintained a Buy rating on the stock with a C$83.00 price target.