ASX:LOVSpecialty Retail
Is Canaccord’s Upgrade Reframe of Lovisa (ASX:LOV) a Turning Point in Its Expansion Strategy?
In recent days, Canaccord Genuity upgraded Lovisa Holdings from Hold to Buy, pointing to a more attractive risk‑reward profile supported by confidence in fiscal 2027 earnings.
The broker highlighted that Lovisa’s expanded store rollout plans and potential operating cost efficiencies could underpin its longer-term earnings potential, despite ongoing concerns around cost growth and modest comparable store sales.
We’ll now examine how Canaccord’s upgrade, anchored in Lovisa’s accelerated store...