The Globe and Mail reports in its Friday, Sept. 22, edition that Stifel analyst Martin Landry is sticking with his "buy" call and $40 share target for Aritzia. The Globe's David Leeder writes that analysts on average target the shares at $35.88. Mr. Landry says the Sept. 28 release of Aritzia's results will be "important to re-establish investors' confidence following two quarters of negative surprises." Mr. Landry says in a note: "Given investors' confidence is at multi-year lows we believe it would not take much for investors to revisit Aritzia. A successful ramp-up of the GTA distribution center, healthier inventory levels and positive comments on the outlook for the fall would go a long way. Recent industry read throughs suggests better than feared demand trends, increasing our confidence in Aritzia's ability to achieve its FY24 guidance. Aritzia's shares do not appear to have found a bottom yet touching new lows daily." Mr. Landry expects revenue of $522.97-million, which is essentially flat year-over-year and matches the Street s expectation of $521.75-million and the company's guidance. He expects a 2-per-cent decline in same-store sales growth to be offset by 4.5-per-cent network growth.