National Bank downgraded Canadian Tire to Sector Perform from Outperform with a price target of C$184, down from C$193. While headline adjusted earnings in Q2 were “adequate,” sales trends slowed through the quarter, the analyst tells investors in a research note. The firm cites valuation for the downgrade.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CDNAF: