The Globe and Mail reports in its Friday, Sept. 29, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation and $104 share target for Dollarama. The Globe's David Leeder writes that analysts on average target the shares at $101.46. The Globe says Mr. Shreedhar expects Dollarama to "increasingly explore global acquisitions as a growth vector." Mr. Shreedhar says in a note: "We believe that Dollarama's otherwise conservative management team has been emboldened by the ongoing success in Canada and across numerous regions in Latin America. Similarly, we believe that investors would give Dollarama latitude to explore acquisitions and export its business model to other countries. We believe acquisitions could be beneficial if executed in the right region, at the right price and with the right strategy. ... We believe Dollarama has a compelling and credible growth vector in inorganic expansion. That said, continued growth in existing markets is the key driver for the stock in the interim. We hold a positive view on Dollarama's shares given its defensive growth orientation supported by strong cash flows, a solid balance sheet and resilient sales performance."