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Deal with Irving boosts Alimentation Couche-Tard's prospects
Posted on May 09, 2008
Quebec-based convenience store operator Alimentation Couche-Tard announced a partnership with Irving Oil to operate 252 stores, raising analyst predictions.Following Thursday s announcement, RBC Capital Markets analyst Sara O Brien revised her previous target up by one loonie, to price $19. Ms. O Brien expects that investors will also be interested because year-over-year earnings in Q4 are expected to grow significantly.Ms. O Brien forecasts solid earnings per sharegrowth of 16% in 2009, and 12% in 2009, as the company continues to makeaccretive deals in 2009. At UBS, analyst Vishal Sh...
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