Inside the Market’s roundup of some of today’s key analyst actions
After a record quarter, Canaccord Genuity analyst Derek Dley expects Aritzia Inc. (ATZ-T) to maintain its positive momentum.
He was one of several equity analysts on the Street to raise their targets for the Vancouver-based apparel maker following Wednesday’s release of “significantly” better-than-expected third-quarter results and a raise to its full-year fiscal 2022 guidance.
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“In our view, Aritzia has done a great job of navigating a changing retail landscape by offering an aspirational customer experience within its brick-and-mortar locations and an improved e-commerce platform,” said Mr. Dley. “With over 20 consecutive quarters of samestore sales growth prior to the onset of COVID-19, and strong growth this quarter, a robust pipeline of new store openings, a healthy balance sheet to support growth and margin enhancement initiatives, and a well-aligned management team, we believe Aritzia is deserving of a …