The Globe and Mail reports in its Friday, Aug. 8, edition that National Bank Financial analyst Vishal Shreedhar continues to rank Canadian Tire "sector perform." The Globe's David Leeder writes that Mr. Shreedhar slashed his share target by $14 to $190. Analysts on average target the shares at $176.20. Mr. Shreedhar says in a note: "Dealer demand was strong, reflecting resilient consumer spending. Replenishment is expected to be solid in H2/25. Encouragingly, Canadian Tire noted consumer resiliency across all income levels and signs of consumer confidence recovery (albeit still low). Canadian Tire reiterated its annualized gross margin target of 35 per cent; the gross margin rate is expected to be lower year-over-year in Q3/25 (F/X pressure) and higher year-over-year in Q4/25. Elevated expenses are expected to offset favourable spending trends: (I) Infrastructure investments in CTFS in H2/25 and 2026 (SG&A rate of 27 per cent), and (ii) True North. Canadian expects to largely complete its restructuring process in Q3/25 (SG&A benefits in Q4/25)." On Thursday it reported earnings per share of $3.57, down 17 cents from the same period in the last year and falling short of Mr. Shreedhar's $4.12 estimate.