The Globe and Mail reports in its Tuesday, Feb. 11, edition that Canaccord Genuity analyst Luke Hannan is sticking with his "hold" recommendation for Canadian Tire. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Hannan jacked his share target up by $3 to $160. Analysts on average target the Class A shares at $164.36. Mr. Hannan notes that the company will have the benefit of easier year-over-year comparisons and some tailwinds from improving consumer sentiment. He says in a note: "During Q3/24, Canadian Tire faced a soft consumer spending backdrop that featured broad-based weakness across customer cohorts and a persistent shift toward value-oriented products. That said, there were green shoots of retail improvement including (1) a narrowing gap between the performance of essential and discretionary categories, and (2) a solid back-to-school selling season. Management suggested the latest interest rate cuts could be a potential catalyst to boost consumer sentiment and unlock discretionary spending. ... In our view, Canadian Tire entered the holiday selling season on solid footing as it rightsized its corporate inventory, with management expecting dealers to restock in line with POS trends."