Dollarama price target raised to C$166 from C$156 at National Bank

National Bank raised the firm’s price target on Dollarama (DLMAF) to C$166 from C$156 and keeps an Outperform rating on the shares. The firm has also shifted its rating to Outperform from Restricted after the company’s The Reject Shop acquisition agreement, stating that it is supportive of this transaction. While small, this deal aligns with the firm’s prior view on Dollarama exploring global acquisitions as a growth vector, the analyst tells investors in a research note.