{"id":297511,"date":"2010-02-09T10:30:00","date_gmt":"2010-02-09T15:30:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:393508"},"modified":"2010-02-09T10:30:00","modified_gmt":"2010-02-09T15:30:00","slug":"target-lowered-ahead-of-shoppers-drug-mart-earnings","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/297511","title":{"rendered":"Target lowered ahead of Shoppers Drug Mart earnings"},"content":{"rendered":"<p>An expected sales lift from a particularly virulent flu season still doesn\u2019t remove a layer of uncertainty over how regulatory issues will affect <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=SC&amp;id=4251973\" >Shoppers Drug Mart Corp.<\/a><\/p>\n<p>Analyst Irene Nattel of RBC Capital Markets lowered her target to $52 from $56, noting investors are cautious about potential changes to government regulations on prescription drugs in Ontario.<\/p>\n<p>\u201cEquity investors seem to be discounting a fairly negative outcome to the current situation in Ontario despite the underlying 8% unit growth rate for the Canadian Rx segment,\u201d she wrote in a note to clients.<\/p>\n<p>Ms. Nattel also shaved her per-share earnings estimate to 80\u00a2 from 85\u00a2 for the fourth quarter, which the drug retailer is set to report on Thursday. The current share price still \u201crepresents an attractive entry point\u201d for investors, she said.<\/p>\n<p><a href=\"mailto:hshaw@nationalpost.com\">Hollie Shaw<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=393508\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An expected sales lift from a particularly virulent flu season still doesn\u2019t remove a layer of uncertainty over how regulatory issues will affect Shoppers Drug Mart Corp. Analyst Irene Nattel of RBC Capital Markets lowered her target to $52 from $56, noting investors are cautious about potential changes to government regulations on prescription drugs in [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-297511","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/297511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=297511"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/297511\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=297511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=297511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=297511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}