Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (70821)	3/24/2020 8:19:09 AM
From: Goose94	Read Replies (1) \| Respond to of 202740

DOLLARAMA (DOL-T) Industrial Alliance Securities analyst Neil Linsdell sees "good value" in Dollarama. Mr. Linsdell, in the wake of a pullback in the share price, boosted his rating to "buy" from "hold." Mr. Linsdell trimmed his share target to $41 from $45. Analysts on average target the shares at $47.54. Mr. Linsdell says in a note: "In the last two weeks, we have seen panic buying, which we expect to be beneficial given Dollarama's assortment of essential products, although other product categories, such as party supplies, may somewhat offset this surge. As we see more normalized stocking levels at other grocery chains, we expect the nationwide quarantines and social distancing initiatives to lead to reduced traffic flow. ... The recent share price decline more than offsets our target price reduction, to now provide an 11.8-per-cent potential return. Within this uncertain and volatile environment, we see Dollarama, with its discount retail offering, with an assortment of everyday items, including cleaning products, to be a good investment option for investors. As such, we are upgrading our rating."