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Investing.com - BMO Capital has raised its price target on Groupe Dynamite Inc (GRGD:CN) to Cdn$55.00 from Cdn$42.00 while maintaining an Outperform rating.
The price target increase follows Groupe Dynamite’s strong fiscal second quarter 2025 performance, which BMO Capital described as a "solid beat" with comparable sales growth of 28.6% and adjusted EBITDA growth of 49.1%.
The company has also increased its 2025 guidance, with BMO Capital noting that sales momentum has continued into the fiscal third quarter with comparable sales remaining in line with expectations.
BMO Capital highlighted Groupe Dynamite’s positioning as a "luxury-inspired affordable indulgence" in the market, along with its supply chain flexibility and ability to adjust inventory during the selling season.
The investment firm believes Groupe Dynamite is well-positioned for growth in the North American fast fashion women’s apparel market, with several factors potentially driving mid-teens annual adjusted EBITDA growth.
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