DA Davidson analyst John Morris kept his Buy rating and $74 price target on Canada Goose after its Q3 earnings beat and better than expected revenues, saying the near-13% pullback in the stock price was driven by concerns about rising inventories and higher gross margins. The analyst recommends that investors buy the pullback however, attributing the inventory increase to the "planned ramp up in production to meet growing demand" while pointing to his Proprietary Data tracker indicating the brand's high level of "out-of-stocks and partial out-of-stocks" reported.