13:52:17 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Rona Inc
Symbol RON
Shares Issued 115,991,010
Close 2014-12-17 C$ 13.44
Market Cap C$ 1,558,919,174
Recent Sedar Documents

FP says Canadian Tire, Dollarama and Rona rated "buy"

2014-12-18 09:33 ET - In the News

See In the News (C-CTC) Canadian Tire Corp Ltd

The Financial Post reports in its Thursday, Dec. 18, edition that Desjardins Securities analyst Keith Howlett sees solid opportunities at Canadian Tire and Dollarama. The Post's David Pett writes in the Trading Desk column that Mr. Howlett rates both stocks "buy." The analyst targets Canadian Tire at $235 and Dollarama at $60. Mr. Howlett says the two companies "stand out for generating sustained superior sales performance." Mr. Howlett says the Canadian retail market is "grappling with the popularity of fast fashion retailers such as H&M, Zara, Forever 21 and Joe Fresh, as well as the growth of on-line retailing." This, he says, is "exacting a toll on longstanding small-format retailers, especially teen and women's apparel retailers," resulting in a "recession-like casualty list of notable retailers, either downsizing store networks or exiting the market entirely." Mr. Howlett says Canadian Tire and Dollarama are well positioned despite the troubling climate. The analyst also reiterated his "buy" recommendation and $15 price target on Rona. He notes that Rona just posted its first positive quarter in years.

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