Aritzia price target raised to C$75 from C$66 at UBS

UBS analyst Mauricio Serna raised the firm’s price target on Aritzia (ATZAF) to C$75 from C$66 and keeps a Buy rating on the shares. The firm says its Evidence Lab indicates a strong long-term outlook for Aritzia but that the Q3 report is unlikely to be a “big stock catalyst.” UBS expects Aritzia to keep a “cautious approach” and reaffirm its fiscal 2025 operating guidance given ongoing macro headwinds, particularly in Canada. As such, it anticipates the Street’s C$1.72 fiscal 2025 earnings per share estimate to stay close to current levels.