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Fly News Breaks for February 15, 2019
GOOS
Feb 15, 2019 | 08:05 EDT
Cowen analyst Oliver Chen noted Canada Goose announced "impressive" quarterly results and raised its full-year guidance. He believes the stock fell because guidance was not as high as the beat and longer-term gross margin expansion is expected to be modest given labor and mix headwinds. Chen reiterated his Outperform rating and lowered his price target to $69 from $77 on Canada Goose shares.
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