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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (37860)	12/6/2017 8:47:30 AM
From: Goose94	Read Replies (1) of 202923

DOLLARAMA (DOL-T) Raymond James analyst Kenric Tyghe, ahead of the release of Dollarama's third quarter fiscal 2018 financial results on Wednesday, hiked his share target to $165 from $143. Mr. Mr. Tyghe continues to rate the shares "outperform." Analysts on average target the shares at $157.80. Mr. Tyghe says in a note: "Despite the demanding valuation and small margin for error, we remain buyers for the following reasons: (i) Dollarama is one of the very few retailers in our coverage universe that we believe capable of delivering approximately 5-per-cent SSS growth through our forecast window; (ii) while not enough has changed (as yet) in terms of the state of the Canadian consumer to make a call there are more red flags looking to 2018 now, than there were six months ago; and finally, (iii) not only is the model labour light relative to a number of other large retailers, but the investments in productivity initiatives appear to be delivering best-in-class level returns. We believe that the twin tailwinds of credit card acceptance and further productivity initiatives supports our target multiple."

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