The Globe and Mail reports in its Tuesday, Dec. 5, edition that Scotia Capital analyst George Doumet has reaffirmed his "sector outperform" recommendation for Dollarama. The Globe's David Leeder writes in the Eye On Equities column that the Scotia Capital stockpicker gave his share target a $4.50 boost to $104. Analysts on average target the shares at $102.50. The Globe says Mr. Doumet calls Dollarama "a top defensive pick, especially under a hard landing scenario for 2024." Mr. Doumet says in a note: "All in all, we expect topline growth to decelerate but remain robust, supported by sustained healthy demand as consumers hunt for value. We will be looking for updates on the latest demand trends for consumable products and seasonal category's performance (Halloween, etc) in the quarter. ... Dollarama shares are currently trading at a 9-per-cent premium (versus its five-year average); and we believe the premium is justified in the current macro-environment, considering Dollarama's unique combination of defensiveness and favorable growth prospects." The Globe reported on Oct. 4, 2022, that Mr. Doumet continued to rate Dollarama "sector outperform." Dollarama shares could then be had for $82.96.