TD Cowen upgraded Canada Goose (GOOS) to Buy from Hold with a price target of $18, up from $16. The firm cites the company’s move from classic to a year-round lifestyle outerwear product for the upgrade. TD likes Canada Goose’s modernization of its product, believing the company is offering a “new and more culturally relevant creative vision.” Canada Goose’s evolution should drive upside to sales and margins while a potential buyout offers downside protection, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOS:
- SHOP, LULU, GOOS: More Economic Pain in Canada as Labour Market Shrinks
- Oklo, KDP, CoreWeave, Eli Lilly, Canada Goose: Trending by Analysts
- Canada Goose price target raised to $28 from $24 at Baird
- Canada Goose moved to No Rating at BofA
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!