RBC Capital Maintains Outperform on Canadian Tire Corp, Lowers Price Target to C$208
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Irene Nattel has maintained an 'Outperform' rating on Canadian Tire Corp (TSX:CTC) but lowered the price target from C$225 to C$208.

August 11, 2023 | 2:59 pm
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NEUTRAL IMPACT
RBC Capital has maintained an 'Outperform' rating on Canadian Tire Corp but lowered the price target from C$225 to C$208.
The news is directly about Canadian Tire Corp. The 'Outperform' rating suggests that the analyst expects the stock to do better than the market average, which is positive. However, the lowering of the price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100