Williams Trading analyst Sam Poser upgraded Canada Goose (GOOS) to Hold from Sell with a price target of C$20, up from C$10. The firm believes the company is likely to private following reports that its controlling shareholder Bain Capital has received buyout bids at a valuation of $1.35B. Canada Goose still faces challenges of driving profitable sales growth as it “remains lost between being a luxury brand and a premium outdoor brand,” the analyst tells investors in a research note. The stock in afternoon trading is up 14%, or $1.65, to $13.85.
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