Raymond James analyst Michael Glen downgraded Aritzia (ATZAF) to Market Perform from Outperform with a price target of C$58, up from C$52.50, ahead of the Q3 earnings report. The downgrade is largely valuation-driven, the analyst tells investors in a research note. The firm likes the growth story surrounding Aritzia and has a number of positive things to say regarding the outlook and strategy, but believes the current valuation now reflects a number of positives.
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Read More on ATZAF:
- Aritzia downgraded to Market Perform from Outperform at Raymond James
- Aritzia (ATZAF) Q3 Earnings Cheat Sheet
- Aritzia price target raised to C$62 from C$56 at Canaccord
- Aritzia price target raised to C$75 from C$66 at UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
