Raymond James lowered its price target on Artizia (ATZ.TO) to CA$175 from CA$200 on Tuesday.

Analyst Michael Glen maintained an outperform rating on shares of the clothing retailer ahead of its fiscal Q2 results after market close on Thursday.

"Perhaps not a huge surprise to anyone following the stock, we believe investor positioning into F2Q tilts negative, with bulls reluctant to make an aggressive bet ahead of a potentially volatile event," Glen said in a note to clients.

"For moderately patient investors who remain focused on growth beyond a one quarter comp, we would stress that the ATZ growth algorithm remains intact, and expect a fuller picture of this algo will emerge" at the Oct. 27 investor day, he said.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)