The Globe and Mail reports in its Thursday edition that ahead of Sunoco closing its acquisition of Parkland in the fourth quarter of 2025, National Bank Financial analyst Vishal Shreedhar elevated his share target for Parkland to $42 from $41, while keeping a "tender" recommendation. The Globe's David Leeder writes that analysts on average target the shares at $43.80. Mr. Shreedhar says in a note: "Given that Parkland is set to be acquired, we thought to review its performance over time. We highlight that since Bob Espey was appointed CEO of Parkland effective May, 2011, Parkland has outperformed and delivered a total cumulative return of 496 per cent vs. 198 per cent for the S&P/TSX Composite Index and 25 per cent for the S&P/TSX Capped Energy Index (same time period)." The Globe reported on Jan. 29 and April 22 that Mr. Shreedhar rated Parkland "outperform." It was then worth $33.63 and $33.22. The Globe reported on Nov. 28, March 7 and June 10 that CIBC's Kevin Chiang had reaffirmed his "outperformer" call for Parkland. The shares were then going for $36.07, $36.35 and $38.54. The Globe reported on June 26 that Mr. Shreedhar had moved his recommendation for Parkland to "tender." It was then worth $38.24.
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