Analyst Michael Van Aelst of TD Cowen maintained a Buy rating on Alimentation Couche-Tard Inc, boosting the price target to C$90.00.
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Michael Van Aelst has given his Buy rating due to a combination of factors including the optimistic outlook from recent conference call comments and the expectation of accelerated EPS growth. Despite a temporary slowdown in same-store sales growth (SSSG), the easing of fuel margin comparisons and strategic investments in foodservice are anticipated to enhance the company’s valuation. The strategic update scheduled for February 2026 could further boost the stock’s valuation to historical averages or higher.
Additionally, the company’s strong execution is leading to market share gains, with significant growth in foodservice and energy drink sales. The positive trends in these areas, along with improved U.S. SSSG and easier fuel margin comparisons, are expected to contribute to the company’s financial performance. Although operating expenses are projected to remain elevated due to investments in foodservice expansion, these are partially offset by cost-saving initiatives, supporting the overall positive outlook for Alimentation Couche-Tard Inc.
In another report released today, TR | OpenAI – 4o also upgraded the stock to a Buy with a C$79.00 price target.