01:07 PM EDT, 03/28/2025 (MT Newswires) -- National Bank has upgraded Dollarama ( DLMAF ) to Outperform rating and raised its target price by $10, to $166, after the company said it is buying Australian discount retailer The Reject Shop for $233 million. The acquisition is expected to close in the second half of this year.

Analyst Vishal Shreedhar expects minimal immediate impact to Dollarama's ( DLMAF ) near-term EPS, and a limited impact on its pro forma net debt to EBITDA ratio upon closing. "We are supportive of this transaction; while small, this deal aligns with our prior views on DOL exploring global acquisitions as a growth vector," he adds.

Price: 152.45, Change: +2.41, Percent Change: +1.61