The Globe and Mail reports in its Friday, May 26, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation for Dollarama. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar boosted his share target by a loonie to $93. Analysts on average target the shares at $90.21. Mr. Shreedhar believes Dollarama will continue to benefit from consumers "seeking value amid heightened inflation." He says he likes "Dollarama's "defensive growth orientation." Mr. Shreedhar says in a note: "Over the medium term, we believe that Dollarama will be well positioned to grow earnings given anticipated network expansion, favourable SSSG and ongoing development of the international business. Given premium valuation amidst an increasingly competitive backdrop, a key investor question is can Dollarama outperform. We think it can, provided fundamental performance remains strong. In our view, Dollarama is a well-managed retailer, and we expect the company's growth to remain solid. That said, we acknowledge that [Dollarama's share] performance will also be governed, to some degree, by market demand for stocks with defensive properties."