TD Securities lowered its price target on Alimentation Couche-Tard Inc. (ATD.TO) to C$103 from C$110 on Thursday.

Analyst Derek Lessard maintained a buy rating on shares of the Canadian multinational convenience and gas stop operator following its quarterly results on Wednesday.

"The long-term outlook remains favourable, in our view, and we still expect ATD to outperform industry peers," Lessard said in a note to clients.

"Near term, however, the shares could remain rangebound, with few catalysts present unless consumer health improves and/or fuel prices decline."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)