Street Calls of the Week
Investing.com - BMO Capital raised its price target on Groupe Dynamite Inc (TSX:GRGD) to C$64.00 from C$55.00 on Tuesday, while maintaining an Outperform rating on the stock.
The price target increase follows BMO’s August 2025 web traffic analysis, which showed overall positive trends for the fast fashion retailer despite some moderation in growth compared to July.
According to BMO Capital’s analysis, Groupe Dynamite’s August web traffic grew 6% year-over-year, down from the 17% growth recorded in July 2025. Canadian traffic declined 16% year-over-year, slightly worse than the 15% drop seen in July.
U.S. traffic growth remained robust at 26% year-over-year in August, though lower than the 52% growth in July. BMO highlighted a significant 69% increase in U.S. new users, which it believes will support recent strong comparable sales growth.
BMO Capital indicated that Groupe Dynamite is well-positioned in the North American fast fashion women’s apparel market, with the firm projecting annual mid-teens adjusted EBITDA growth for the company.
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