-- UBS has raised its price target on Aritzia (ATZ.TO) shares by $21.00, to $189.00 and reiterated its buy rating after the company's fourth-quarter beat and upbeat guidance.
"We think ATZ's investments in differentiated store concepts, increasing brand relevance, diversified product assortment, and digital marketing initiatives should drive compelling growth," UBS writes.
The company's 28% y/y fourth-quarter comp sales growth and upbeat first quarter and FY27 outlooks reinforce UBS' view that Aritzia is successfully executing its growth playbook.
UBS expects strong EPS growth over the near-to-medium term to "catalyze" the stock towards the $189.00 price target.
Price: $146.25, Change: $+4.25, Percent Change: +2.99%