Evercore ISI analyst Michael Binetti raised the firm’s price target on Canada Goose (GOOS) to $12 from $11 and keeps an In Line rating on the shares. The latest quarter faced challenges with missed top-line and EBIT results due to wholesale timing shifts and higher-than-expected SG&A investments, but the “silver lining” is a promising 10% global same-store sales growth in Q2, which the firm sees suggesting that early store labor investments are paying off.
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