Aritzia initiated with a Buy at Jefferies

Jefferies analyst Corey Tarlowe initiated coverage of Aritzia (ATZAF) with a Buy rating and C$85 price target The firm believes the company will experience “healthy” sales growth through its store and channel expansion efforts, along with increasing margins due to mix shifts, scale benefits, lower freight costs, and pricing. Aritzia’s U.S. real estate growth opportunity remains “robust,” helping the company achieve or even exceed its long-term targets, the analyst tells investors in a research note.