The Globe and Mail reports in its Friday, May 15, edition that National Bank Financial analyst Vishal Shreedhar continues to rate Canadian Tire "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar gave his share target a $6 trim to $205. Analysts on average target the shares at $201.35. Mr. Shreedhar says in a note: "Consumers are noted be resilient, discerning and value driven. Canadian Tire believes it is gaining share of lower income customers, while higher income customers are also increasing spending. (2) Canadian Tire has suggested long-term annual retail sales growth target of 3 to 5 per cent; and earnings growth ahead of that (NBCM models retail EPS CAGR of 13 per cent year-over-year). (3) Notably, Q2/26 quarter-to-date trends are slow (due to weather and patriotic purchases last year; 2/3'rds of quarter left). H2/26 may see de-stocking given heightened dealer inventory. (4) 2026 SG&A should benefit from run-rate savings of $100-million, which we view to be achievable. (5) Our EPS estimates are revised lower (dealer destocking, higher SG&A and interest, and lower gross margin, etc.): 2026 is $15.33 from $15.94 and 2027E is $16.83 from $17.57."
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