-- National Bank has hiked its price target on the shares of Aritzia (ATZ.TO) to $171.00, from the previous $143.00 after the company reported a strong fourth-quarter income, with adjusted earnings of $1.14 surpassing National's $1.04 estimate.
Analyst Vishal Shreedhar, who is maintaining an outperform rating on the company, notes fiscal first quarter and F2027 guidance also exceeded expectations.
National's EPS estimates for F2027 have been raised to $4.51 from $4.02, and F2028, to $5.42 from $4.85.
"We believe that ATZ's premium valuation is justified given its superior long-term operating performance, and opportunity for accelerated growth (sales and margins)."
Price: $148.17, Change: $+6.17, Percent Change: +4.35%