RBC Capital Markets and TD Securities raised their price targets on Aritzia (ATZ.TO) to C$202 from C$193, and to C$200 from C$183, respectively.
RBC analyst Irene Nattel maintained an Outperform rating on shares of the Canadian clothing retail company following its Q1 results.
"ATZ delivered another quarter of strong and above forecast results despite tougher prior year comps," Nattel said in a note to clients.
"Existing customer loyalty is being augmented by successful new customer acquisition via strong product, effective marketing, geographic expansion and accelerating digital growth following the launch of the mobile app late in Q2/F26," the analyst said.
TD analyst Brian Morrison maintained a Buy rating on Aritzia.
"Brand heat, a positive Q2/F27 outlook, upward revisions to F27/F28 consensus, and surplus cash should support a premium valuation/share price momentum," Morrison said in a note.
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