The Globe and Mail reports in its Tuesday, Dec. 12, edition that Raymond James analyst Michael Glen rates Aritzia "market perform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen set a share target of $32, matching the consensus. While Mr. Glen sees a "strong growth profile" at Aritzia, he believes the Street's expectations for the clothing retailer are "elevated." Mr. Glen says in a note: "We do see risk to current consensus estimates, a factor which we believe will present a risk in the short-term. Given the size of the company and growth profile, and in addition to the company's presence and strategy in both the U.S. and Canada, we see the company with an expansive list of potential peers. As such, these peers have been categorized into Canadian discretionary stocks, premium apparel and accessories, large apparel brands, and active apparel and footwear brands. Overall, when we look at the company's 14.7 times P/E multiple and 7.0 times our FY2025E EBITDA, we believe this represents a reasonable valuation given current consumer sentiment, macro-environment, and growth stage as the company expands its operations geographically and spends to streamline its costs."