In a report released on March 21, Michael Van Aelst from TD Securities reiterated a Buy rating on Alimentation Couche-Tard Inc (ATD – Research Report), with a price target of C$89.00.
Michael Van Aelst has given his Buy rating due to a combination of factors that suggest strong future performance for Alimentation Couche-Tard Inc. The company is experiencing momentum outside the U.S., which is expected to contribute positively to its growth trajectory. Additionally, the valuation of the stock appears attractive, indicating potential for appreciation.
Furthermore, the company’s recent quarterly results were largely in line with expectations, reinforcing confidence in its operational stability. Looking ahead, there are several catalysts anticipated in 2025 that could drive further growth and enhance shareholder value. These factors collectively support the Buy rating as they point towards a promising outlook for the company.
According to TipRanks, Van Aelst is ranked #1913 out of 9386 analysts.
In another report released on March 21, Jefferies also maintained a Buy rating on the stock with a C$90.00 price target.