Raymond James initiated coverage of Aritzia with a Market Perform rating and C$32 price target. Aritzia has posted very impressive growth since its IPO in late 2016, but despite low expectations for the stock, Aritzia will continue to face tough comps through 2H24 and FY25 results will be impacted by front-end loading of costs related to square footage and ongoing capital investments, the analyst tells investors in a research note.
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