The Globe and Mail reports in its Thursday, Dec. 21, edition that RBC Capital analyst Irene Nattel has reaffirmed his "market perform" recommendation for Aritzia. The Globe's David Leeder writes that Ms. Nattel cut her share target by a loonie to $40. Analysts on average target the shares at $31.89. Ms. Nattel says in a note: "Notwithstanding Q3E margin compression, headwinds should moderate sequentially as transient expenses normalize and, as we move through F25, as contribution from 35-per-cent square footage growth over 15 months begins to ramp. Key near-term caveat, in our view, will be management tone around seasonal sales trends and consumer demand outlook. But while women's apparel and, more broadly, small-cap discretionary remain largely out of favour, in our view, Aritzia is an excellent candidate for flow of funds on sector rotation in 2024." The Globe reported on May 9 that BMO Capital Markets analyst Stephen MacLeod had reiterated his "outperformer" recommendation. He said Aritzia had "ample liquidity to support growth." Aritzia shares could then be had for $37.38. The Globe reported on July 7 that Ms. Nattel reiterated her "market perform" recommendation when the shares could be had for $36.19.