Canadian Tire Rated “Outperform”

Analysts at Credit Suisse recently gave Canadian Tire Corp Ltd an “outperform” rating, setting the target price at C$88. In their research noteg, the analysts mention that the rising mix of square footage for the company’s new format stores is likely to lead to an improvement in returns going forward. Canadian Tire is expected to post growth in the high-single-digit range, aided by growth in its gross average receivables balance, the analysts said.