Canada s main stock index fell on Thursday after hotter-than-expected
U.S. inflation data tempered expectations of an early rate cut, while Aritzia shares jumped
after upbeat quarterly results. .
Aritzia Inc. was upgraded to Buy from Hold at TD Securities on Wednesday.
Analyst Brian Morrison raised his price target on shares of the Vancouver-based women s fashion company to $34 from $26.
Aritzia Inc. (ATZ.TSX
) : Stock quote, stock chart, quotes, analysis, advice, financials and news for Stock Aritzia Inc. | Toronto Stock Exchange: ATZ | Toronto Stock Exchange
Aritzia delivered a $0.07 Q2 EPS beat and maintained its FY24 operating outlook. UBS is reiterating its Buy rating and sees an attractive 3:1 upside/downside skew for three reasons:
1) ATZ s.
The TSX is up 140 points at midday, with a broad-based recovery, the best showing in two weeks.
However, healthcare is down 0.7%, with cannabis stocks lower. Canopy Growth, the most actively.