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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOS:
- Canada Goose upgraded to Hold from Sell at Williams Trading
- Canada Goose (GOOS) Stock Rockets 15% Higher on Reports Its Being Taken Private
- MongoDB reports Q2 beat, Sompo to acquire Aspen Insurance: Morning Buzz
- No formal bidding process yet for Canada Goose, Axios reports
- Morning Movers: Kohl’s surges following beat and raise report