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Aritzia initiated with a Buy at Truist

Truist initiated coverage of Aritzia (ATZAF) with a Buy rating and C$95 price target The firm believes the high-end women’s fashion retailer is well positioned to outperform investor expectations, even in a choppy macro environment. Aritzia is still in the “very early innings” of digital expansion, which the firm sees leading to material growth, the analyst added.

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