As previously reported, Wells Fargo upgraded Canada Goose (GOOS) to Overweight from Equal Weight with a price target of C$20, up from C$19. The firm notes Canada Goose has quietly begun to inflect its business post a 24 month reset – with material improvements in product plus marketing driving meaningful direct-to-consumer growth, while wholesale upside now appears more visible. Wells believes the brand is returning to a good place following years of work.
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Read More on GOOS:
- Canada Goose upgraded to Overweight from Equal Weight at Wells Fargo
- Canada Goose price target lowered to $13 from $14 at Barclays
- Canada Goose Holdings: Sell Rating Due to Rising Expenses, Competitive Pressures, and Market Uncertainties
- Canada Goose Reports Strong Revenue Growth Amid Challenges
- Canada Goose Stock (GOOS) Falls Nearly 10% on Earnings Letdown