The Globe and Mail reports in its Friday, Jan. 12, edition that Raymond James analyst Michael Glen has elevated his recommendation for Vancouver-based Aritzia to "outperform" from "market perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Glen advanced his share target by $3 to $35. Analysts on average target the shares at $33.44. Mr. Glen issued his upgrade after Aritzia posted better-than-expected third quarter 2024 results. Mr. Glen says in a note: "Heading into Aritzia's F3Q results, we acknowledge that we had some areas of concern, most notably with inventory, gross margin and the lingering impact of a mild fall/winter on markdown activity. As such, we were recommending to investors to take a wait and see approach to the stock. That said, as we look through the F3Q numbers and assess the results (which were effectively ahead on all key metrics), we would state that Aritzia addressed many of our concerns head-on (particularly with inventory), and this provides a strong set-up as investors shift focus to a F2025 rebound scenario." The Globe reported on Dec. 12 that Mr. Glen rated Aritzia "market perform" in new coverage. The shares were then worth $23.47.