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Aritzia Price Target Raised to $193 at RBC

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-- RBC Capital Markets raised its price target on Artizia Inc. (ATZ.TO) to $193 from $175.

Analyst Irene Nattel maintained an Outperform rating on shares of the Vancouver-based women's fashion retailer following its quarterly results on Thursday.

The stock declined $6.09, or 4.1%, to $142 on the Toronto Stock Exchange yesterday.

"ATZ delivered another quarter of strong and meaningfully above forecast Q4 results, despite tougher prior year comps as existing customer loyalty is augmented by successful new customer acquisition via strong product, effective marketing, geographic expansion and accelerating digital growth with the launch of the mobile app late in Q2," Nattel said in a note to clients.

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