The Globe and Mail reports in its Tuesday, Nov. 28, edition that Desjardins Securities analyst Chris Li has reaffirmed his "buy" call and $82 share target for Alimentation Couche-Tard. The Globe's David Leeder writes that analysts on average target the shares at $86.60. Mr. Li says in a note: "While we do not expect the results to be a catalyst, we remain positive on Couche-Tard's long-term organic growth initiatives and M&A opportunities discussed at its recent investor day. Our organic EBITDA CAGR of 4 to 5 per cent (FY23–28) is conservative vs management's 7 per cent, with upside from M&A. ... In line with peers, we expect U.S. merch SSSG [same-store sales growth] of 1.3 per cent vs 2.1 per cent in 1Q FY24, driven by slower tobacco sales and a cautious U.S. consumer, offset by growth from packaged beverages, Fresh Food, Fast and private brands. ... While the potential return is extremely limited for a Buy rating, our positive view is based on attractive long-term growth, supported by ATD's strong financial position. We plan to revisit our estimates and valuation following the results." The Globe reported on Sept. 6 that Mr. Li had reaffirmed his "buy" call on Couche-Tard. It was then worth $71.56.