The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst Michael Doumet has reaffirmed his "sector outperform" call for Canadian Tire. The Globe's David Leeder writes that Mr. Doumet gave his share target a $10 boost to $206. Analysts on average target the Class A shares at $201.56. The Globe reports that Mr. Doumet expects a "soft" second quarter from Canadian Tire "against an improving backdrop." Mr. Doumet says in a note: "Canadian Tire continues to navigate headwinds seen in Q1, including difficult year-over-year comps, a more challenged consumer environment, higher operating expenses, and the impact of the DC fire. That being said, unfavourable weather in Q1 partly explained soft SSS [same-store sales] at Canadian Tire (down 4.8 per cent) during the quarter, which sequentially improved to 3 per cent in the first month of Q2. ... Canadian Tire shares have seen strong recent performance with shares up approximately 30 per cent year-to-date on the back of an improving macro set up. Shares are now trading in line with five-year historical averages. And in the context of an eventual soft patch, we highlight that Canadian Tire is a much more resilient business than it was in past downturns."