Scotiabank analyst John Zamparo upgraded Canadian Tire (CDNAF) to Sector Perform from Underperform with a price target of C$180, up from C$160. The firm cites its more favorable view of Canadian consumer health and the company’s accelerating sales growth for the upgrade.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CDNAF:
- Balanced Hold Rating on Canadian Tire: Strong Q4 Beat and Strategic Momentum Offset by Core Retail Underperformance and Unsustainable Tailwinds
- Canadian Tire expands collaboration with Microsoft
- CDNAF Earnings this Week: How Will it Perform?
- Canadian Tire price target raised to C$160 from C$155 at Scotiabank
