Canada Goose downgraded to Underweight from Equal Weight at Barclays

Barclays downgraded Canada Goose (GOOS) to Underweight from Equal Weight with a price target of $8, down from $10. The firm cites the company’s’ global macro pressure and increasing competitive pressure for the downgrade. Barclays believes Canada Goose will be potentially impacted from tariffs and sees increased operational risk due to a blend of its high seasonality, growing direct-to-consumer mix, and product expansion into non-core categories.