3:07 (Dow Jones) Investors shouldn't be deterred by Dollarama's (DOL.T) relatively rich valuation, Versant says. Though the dollar-store operator trades at the "high-end of the comparable valuation range," Versant argues the stock deserves a premium value based on "its industry-leading growth, profitability and dominate market position." Versant starts stock with buy and sets 12-month target price of C$29. In Toronto, DOL.T recently up 1.7% at C$25.20. (ben.dummett@dowjones.com)
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