TSX:ATZ - Post Discussion
Post by
retiredcf on Sep 21, 2023 8:21am
And Canaccord
Elsewhere, “expecting margin compression before a better second half,” Canaccord Genuity’s Luke Hannan reiterated a “buy” rating and $37 target after raising his 2024 and 2025 revenue estimates while lowering his EBITDA projections.
“In our view, Aritzia has done a great job of navigating a changing retail landscape by offering an aspirational customer experience within its brick-and-mortar locations and an improved e-commerce platform” said Mr. Hannan. “With a robust pipeline of new store openings, a healthy balance sheet to support growth and margin enhancement initiatives, and a well-aligned management team, we believe Aritzia is deserving of a premium valuation.”
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