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Or sign-in if you have an account.The TMX Group Ltd. headquarters in the financial district of Toronto, Ont. Photo by Laura Proctor/Bloomberg filesWhy Dollarama bulls outnumber bears, how a possible Iran peace deal could smooth waters for cruise line stocks and more from The Week in Stocks. Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorTMX Group Ltd.‘s (X/TSX) push to expand its operations globally continues with the acquisition of RAFI Indices — a global index company — for $683 million or approximately five per cent of TMX’s market cap. Scotia Capital Markets analyst Phil Hardie said the deal supports TMX’s goal of expanding recurring revenue and boosting international revenue, adding that the operator of the S&P/TSX composite index continues to be his top pick. Hardie maintained his price target for TMX of $71. Shares closed Friday at $50.48. “We think this deal (for RAFI) reinforces our underlying thesis of continued earnings momentum and that accretive M&A remains a key catalyst for the stock over the next 12–18 months,” he said. The deal for RAFI will add to debt, but Hardie said TMX has a track record of successfully deleveraging. Meanwhile, the company has pledged that during the period it will continue to support its long-term dividend payout ratio of 40 per cent to 50 per cent. Shares of TMX have ridden a rollercoaster this year falling to about $44 in February before rising 26 per cent to $56 in May before slumping to just under $48 in early June. Since then it has risen nearly eight per cent. TMX has a 12-month price target of $65.03 based on the estimates of eight analysts, according to Bloomberg.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againThe macroeconomic environment isn’t on the side of the food retail and food distribution sector with inflation and gas prices on the rise, Michael Lasser, an analyst at UBS Global Research, said in a report on June 8 that covered both United States and Canada-based companies. Lasser turned his eye to Loblaw Cos. Ltd. (L/TSX), Alimentation Couche-Tard Inc. (ATD/TSX) and Dollarama Inc. (DOL/TSX) in Canada, examining the bull and bear cases for each of the names. Sentiment on mega-grocer Loblaw is “mixed,” Lasser said, with the bulls arguing it can continue to win from its substantial discount footprint, while bears wonder whether slowing population growth in Canada will hit its multiple. Loblaw has a 12-month price target of $70 based on the calls of 10 analysts, according to Bloomberg. Shares closed Friday at $65. On Dollarama, “we’re hearing more from bulls than bears,” he said, noting that investors believe financially-stretched Canadians consumers will continue to “trade down” to the Montreal-based discount chain. Still, bears warned that Dolllarama’s move into Australia could drag on earnings amid changes to immigration policy. Dollarama has a 12-month price target of $210.08 based on the calls of 17 analysts, according to Bloomberg. Shares closed Friday at $190.94. Finally, sentiment around Alimentation Couche-Tard was more positive than negative on the belief it “has turned the corner on food” by offering cheap, quick meals for $3, $4 and $5. Couche-Tard has a 12-month price target of $92.82 based on the calls of 19 analysts, according to Bloomberg. Shares closed Friday at $84.31.Shares of cruise companies Carnival Corp. Ltd. (CCL/NYSE), Royal Caribbean Cruise Ltd. (RCL/NYSE) and Norwegian Cruise Line Holdings Ltd. (NCHL/NYSE) rose six to eight per cent on reports of a possible interim Iran peace deal on the weekend that would include reopening the Strait of Hormuz. That led TD Cowen analyst Kevin Kopelman to cut his 2027 estimate for Brent crude oil to US$60 a barrel from US$90 and “could drive earnings per share (EPS) revisions” on the three cruise companies, he said. Kopelman’s top pick is Carnival. He pencilled in a 23 per cent increase in EPS for 2027 to US$3 from US$2.39. The company, which does not hedge fuel costs, is down 11 per cent since the start of the conflict against a gain of 7.5 per cent for the S&P 500 composite index. Carnival has a 12-month price target of US$34.09 based on the calls of 25 analysts, according to Bloomberg. Shares closed Friday at $29.18. For Royal Caribbean and Norwegian, Kopelman has increased his EPS estimates seven per cent and 27 per cent, respectively.RBC Capital Markets analyst Irene Nattel hiked her price target for Groupe Dynamite Inc. (GRGD/TSX) to $107 from $105 on the expectation that the retailer will outperform guidance as it gets ready to report earnings on June 16. Shares closed Friday at $69.17.Raymond James analyst Brian MacArthur hiked his price target for Triple Flag Precious Metals Corp. (TFPM/TSX) to $61 from $59 on a deal to purchase a gold stream on the Ravenswood Gold Mine in Australia. Shares closed Friday at $40.78.National Bank of Canada analyst Baltej Sidhu hiked his price target for shares of Hammond Power Solutions Inc. (HPS/TSX) to $355 from $325 as data centre demand drives revenue growth. Shares closed Friday at $297.Raymond James analyst Michael Barth started coverage of South Bow Corp. (SOBO/TSX) with a $60 price target on the belief that phase 1 of the oil company’s proposed Prairie Connector pipeline with get the go-ahead. Shares closed Friday at $53.31.CIBC Capital Markets analyst Kevin Chiang hiked his price targets for Canadian National Railway Co. (CNR/TSX) and Canadian Pacific Kansas City Ltd. (CP/TSX) to $182 from $164 and $140 from $128, respectively, after visiting the carriers’ Winnipeg yard facilities. Shares closed Friday at $166.47 and $125.88.BMO Capital Markets analyst John Gibson hiked his price target for Badger Infrastructure Solutions Ltd. (BDGI/TSX) to $110 from $75 on growing demand in its U.S. market where “data centre work appears to be soaking up excess capacity.” Shares closed Friday at $91.05.Every week, the Financial Post breaks down the most interesting developments in the week’s world of investing, from top performers to surprising analyst calls and stocks to have on your radar.Are you an investor looking for stock ideas and market insight? Sign up for the weekly FP Investor Newsletter here to get the best of the Financial Post’s investing news, analysis and expert commentary straight to your inbox. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.