BMO Capital Maintains Outperform on Canadian Tire Corp, Lowers Price Target to C$180
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Peter Sklar has maintained an 'Outperform' rating on Canadian Tire Corp (TSX:CTC) but lowered the price target from C$196 to C$180.

August 11, 2023 | 12:57 pm
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NEUTRAL IMPACT
BMO Capital has maintained an 'Outperform' rating on Canadian Tire Corp but lowered the price target.
The news is directly about Canadian Tire Corp. The 'Outperform' rating suggests that the analyst expects the company to do better than the market average. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100