Canada Goose price target lowered to $34 from $46 at Goldman Sachs

Goldman Sachs analyst Brooke Roach lowered the firm’s price target on Canada Goose (GOOS) to $34 from $46 and keeps a Sell rating on the shares. Canada Goose reported healthy Q3 revenue growth with positive global DTC comps and broad-based momentum across major regions, supported by product newness and expanded assortments, but EBIT fell short due to a one-time bad debt charge and prior-year FX gains, and SG&A remained elevated, leaving the path to sustainable margin expansion and operating leverage uncertain, the analyst tells investors in a research note.