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Highlights
- Canaccord Genuity cuts Alimentation Couche-Tard target price from CAD 84.00 to CAD 81.00.
- Average analyst target price now stands at CAD 84.33, based on MarketBeat.com data.
- All twelve covering analysts maintain “Buy” or “Strong Buy” ratings on the stock.
Alimentation Couche-Tard Inc. (TSE: ATD) had its price target reduced by Canaccord Genuity Group from CAD 84.00 to CAD 81.00 in a research note issued Friday, according to BayStreet.ca. Despite the downward adjustment, the brokerage reiterated its “Buy” rating on the stock.
This change follows a broader trend of slight price target reductions by several other analysts over the past few months. On May 22, Stifel Nicolaus decreased its target from CAD 84.00 to CAD 82.00, also maintaining a “Buy” stance. Earlier in March, UBS Group revised its target down from CAD 97.00 to CAD 94.00, while Desjardins and BMO Capital Markets both reduced their forecasts to CAD 82.00 in separate reports.
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