The Globe and Mail reports in its Thursday, July 17, edition that National Bank Financial analyst Vishal Shreedhar continues to rate Canadian Tire "sector perform." The Globe's Darcy Keith writes that Mr. Shreedhar's share target soared $31 to $204. Analysts on average target the Class A shares at $174.80. Mr. Shreedhar says a resilient consumer should translate into a second quarter earnings beat. Mr. Shreedhar is projecting earnings per share of $4.12 in the quarter, well ahead of last year's $3.72 and the consensus estimate of $3.82. Mr. Shreedhar says in a note: "We model solid Q2/25 SSSG across all banners, primarily reflecting an easier comparable base and our data suggesting sales trends remain resilient. Also recall that discretionary spending was up slightly in Q1/25 (first in three years), which we view to be constructive (recall that Q2 is Canadian Tire's highest discretionary quarter), and a signal of a possible inflection in consumer spending trends. A key question to ask is to what degree lower travel to the U.S. and the 'Buy Canada' movement is buoying Canadian spending. Our review of peer commentary suggests the consumer backdrop is incrementally more constructive, albeit cautious language persists."