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Fly News Breaks for November 14, 2019
GOOS
Nov 14, 2019 | 07:43 EDT
Cowen analyst Oliver Chen said the weakness in Canada Goose following Q2 results is another buying opportunity. The analyst noted results beat expectations but guidance disappointed as Q3 risks feature negative wholesale growth, Hong Kong uncertainty, and difficult comps. He believes the company's strong brand, its geographic expansion opportunity, and expanded assortment, will drive 20%+ earnings growth over the medium term. Chen reiterated his Outperform rating and $50 price target on Canada Goose shares.
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