The Globe and Mail reports in its Friday, Sept. 4, edition that Stifel analyst Martin Landry is keeping his "buy" recommendation for Alimentation Couche-Tard intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Landry gave his share target a $6 trim to $102. Analysts on average target the shares at $103.55. Mr. Landry says first quarter results were decent, but they "reflect a challenged low-income consumer." Mr. Landry notes that Couche-Tard's first quarter results disappointed investors so much to cause its shares to drop by 3 per cent on the day. He notes further that this decline followed a challenging three weeks, during which shares fell by 9 per cent. He says in a note: "While this may seem overly punitive, near-term growth rates could come at the low-end of management's long-term growth algorithm. Low-income consumers are grappling with elevated interest rates and high fuel prices and as a result are trading down to find value. This is a change vs the Q4FY26 landscape where management discussed consumer resilience. As a result, we have reduced our near-term expectations to reflect this. Couche-Tard's shares could be range-bound near-term until the Zabka acquisition closes."