The Globe and Mail reports in its Tuesday, Jan. 30, edition that Scotia Capital analyst George Doumet has lowered his recommendation for Dollarama to "sector perform" from "sector outperform." The Globe's David Leeder writes that Mr. Doumet's share target edged up by $3 to $107, matching the consensus. Mr. Doumet expects "significant moderation" in Dollarama's same-store sales trajectory and traffic to "normalize." Mr. Doumet says in a note: "While we think a healthy part of the recent gains will prove to be sticky, we expect a moderation in the SSS (toward the lower-end of mid-single-digit range). ... As much as we don't like to downgrade compounders, we believe we would almost need a hard landing for the stock to work -- as, in our view, we are currently experiencing peak-ish valuation up against a decelerating top (tough comps)/bottom line (stubborn labour inflation) for F25 (and F26). We would recommend investors deploy the proceeds toward other (more value-oriented) discretionary names, especially as the narrative around a softer landing continues to gain traction (i.e., position more risk on)." The Globe reported on Dec. 5 that Mr. Doumet kept Dollarama at "sector outperform" when it was worth $99.65.