The Globe and Mail reports in its Friday, March 7, edition that National Bank's Vishal Shreedhar has reaffirmed his "sector perform" recommendation for Canadian Tire. The Globe's David Leeder writes that Mr. Shreedhar jacked his share target up by $4 to $174. Analysts on average target the Class A shares at $160.36. Mr. Shreedhar views Canadian Tire's "True North" transformation strategy, announced Thursday, with "interest." However, he says "as with any strategy, execution is key and recent operating performance has been uneven." Mr. Shreedhar says in a note: "Canadian Tire's True North strategy is expected to accelerate retail growth and loyalty expansion. The strategy includes: (i) Accelerating Triangle Rewards through more personalization, more brand partners and a new retail-focused bank strategy to acquire/engage more Triangle Mastercard holders, (ii) Aggregating Canadian Tire's banners/systems/data (customer engagement and eliminate siloed/redundant back-office), and (iii) Reorganizing senior leadership. ... Given soft consumer demand and uneven operating performance, we see more attractive opportunities elsewhere in our coverage universe. That said, green shoots appear to be emerging relating to sales performance."