DA Davidson analyst John Morris raised his price target on Canada Goose to $48 and kept his Buy rating after its better than expected Q1 revenues, driven by "higher order volumes" ahead of the company's peak selling season. The analyst also cites the company's expansion into lightweight categories, with sales of non-parka items doubling from last year. Morris is positive on Canada Goose management's efforts to "pull all levers" to support its growth initiatives and generate margin expansion in the coming quarters as the company evolves into a "multi-season" apparel manufacturer.