TSX:ATZ - Post Discussion
Post by
davgro on Sep 19, 2023 1:33pm
UBS on Aritzia Inc.
2023-09-19 12:59:34 PM ET (MT Newswires)
12:59 PM EDT, 09/19/2023 (MT Newswires) -- UBS believes Aritzia's business trends decelerated during fiscal Q2 and thinks Street estimates already reflect this slowdow. UBS also expects the company will maintain its FY24 operating guidance and doubt this will cause meaningful changes to Street FY24 EPS estimates. "We believe the market has a similar view and thus don't think sentiment around ATZ will shift much. ATZ's stock typically moves +/-7.9% over earnings. We expect less volatility than this."
Maintain C$38 Price Target and Buy rating. "Looking over the NTM, we expect ATZ will outperform and our rating thus remains Buy."
Be the first to comment on this post