02:27 PM EDT, 10/21/2024 (MT Newswires) -- National Bank has raised its target on Canadian Tire ( CDNTF ) to $169, from $158, and kept its Sector Perform rating.

Analyst Vishal Shreedhar projects third quarter EPS of $3.29 vs. consensus at $3.02; last year was $2.96. The higher EPS reflects positive sssg at Mark's and Sportchek, he notes.

Shreedhar is also modelling slight third quarter Retail (excluding Petroleum) revenue growth, reflecting positive sssg at Mark's and Sportchek and reports of resilient back-to-school spending (Retail Council of Canada survey) amongst other factors.

Canadian Tire ( CDNTF ) reports its third quarter results on November 7.

Price: 159.93, Change: +0.21, Percent Change: +0.13