The Globe and Mail reports in its Tuesday, May 27, edition that CIBC World Markets analyst Mark Petrie has reaffirmed his "outperformer" call for Aritzia. The Globe's David Leeder writes in the Eye On Equities column that Mr. Petrie's share target soared $13 to $79. Analysts on average target the shares at $66.70. Mr. Petrie says in a note: "We hosted Aritzia management for investor meetings last week. While significant uncertainty remains in macro conditions and tariff policies, we remain highly confident in the brand's value proposition and momentum with consumers. We increase our estimates, and while these still embed some tariff impacts and constrained demand, they also reflect our view that Aritzia has pricing power and multiple levers to drive growth." The Globe reported on April 23 that Raymond James's Michael Glen had upgraded Aritzia to "outperform" from "market perform." It was then worth $44.07. The Globe reported on April 29 that RBC Dominion Securities analyst Irene Nattel continues to rate Aritzia "outperform." The shares could then be had for $48.86. The Globe reported on May 2 that Stifel analyst Martin Landry was keeping his "buy" call for Aritzia intact. The shares could then be had for $56.42.
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