The Globe and Mail reports in its Thursday, May 29, edition that Scotia Capital analyst John Zamparo continues to rate Alimentation Couche-Tard "sector outperform." The Globe's David Leeder writes that Mr. Zamparo gave his share target a $3 trim to $80. Analysts on average target the shares at $82.93. Mr. Zamparo says his recent survey of institutional investors on Alimentation Couche-Tard's M&A strategy found the majority preferred it target a deal for only Seven & I Holdings' U.S. assets rather than the entire business. Mr. Zamparo says in a note: "While the number of responses limits conviction, respondents favoured a potential U.S.-only deal, rather than buying Seven outright, by a margin of 2.5:1. Nearly as many respondents preferred Alimentation Couche-Tard acquire something else entirely rather than all of Seven's business. We estimate a U.S.-only deal could generate 15-per-cent EPS accretion. However, if Seven insists upon a similar multiple as what it paid for Speedway (approximately 14 times pre-synergies; eight times post), this could end any potential interest from Couche-Tard. There has been little news on the matter since the late April NDA. Seven's AGM [Tuesday] night provided nothing new."