BMO Capital downgraded Canadian Tire to Market Perform from Outperform with a price target of C$150, down from C$170. The analyst still forecasts an earnings recovery beginning in the second half of 2024, but off a lower current base and at a slower pace than before. BMO no longer finds the current stock price compelling.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CDNAF:
- Canadian Tire price target lowered to C$195 from C$199 at RBC Capital
- Canadian Tire price target lowered to C$150 from C$158 at Scotiabank
- Canadian Tire price target lowered to C$155 from C$160 at TD Securities
- Canadian Tire OTC (CDNAF) Q4 Earnings Cheat Sheet
- Canadian Tire downgraded to Hold from Buy at Canaccord
