Canadian Tire Co. Limited Rating Lowered to Underperform at Credit Suisse (CTC.A)
Canadian Tire Co. Limited (TSE:CTC.A) was downgraded by Credit Suisse from a “neutral” rating to an “underperform” rating in a research note issued on Monday, Analyst Ratings.Net reports. The analysts noted that the move was a valuation call.
CTC.A has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Canadian Tire Co. Limited from C$114.00 to C$129.00 in a research note on Friday. They now have a “sector outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Canadian Tire Co. Limited from C$115.00 to C$123.00 in a research note on Friday. Finally, analysts at National Bank Financial raised their price target on shares of Canadian Tire Co. Limited from C$114.00 to C$118.00 in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$117.11.
Canadian Tire Corporation, Limited comprises two main business operations that offer a range of retail goods and services, including general merchandise, clothing, sporting goods, petroleum and financial services.
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