12:55 PM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target by CAD5 to CAD165, based on a 2026 P/E of 11.3x, a slight discount to CTC's five-year average forward P/E of 11.7x. We raise our adjusted EPS estimates to CAD13.60 from CAD13.40 for 2025 and to CAD14.60 from CAD14.30 for 2026. CTC posted Q1 adjusted EPS of CAD2.18 vs. CAD1.38 (+58%), well ahead of the CAD1.27 consensus. The beat was driven by stronger-than-expected comp store sales, as revenue rose 3.7% to CAD3.46B on a 4.7% increase in comp store sales (consensus: +1.2%). Gross margin contracted 10 bps to 34.4% (80 bps below consensus). CTC said it is progressing toward completing the divestiture of Helly Hansen by the end of Q2 (being sold to Kontoor Brands for CAD1.28B) and is implementing a new company structure for improved efficiency and a market approach. We think the beat, combined with the company's "True North" plan (a four-year transformation strategy announced in Q1) is likely to help improve investor sentiment surrounding the story, but valuation keeps us at a Hold.