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Fly News Breaks for November 14, 2019
GOOS
Nov 14, 2019 | 08:18 EDT
RBC Capital analyst Kate Fitzsimons lowered her price target on Canada Goose to CAD62 from CAD75 but kept her Outperform rating after its Q2 results. The analyst says the sales in the quarter were "strong", but tough compares and weakness in Hong Kong is leading to deceleration in the second half of the year. Fitzsimons adds that while she remains positive on the stock, she must acknowledge that investors need to regain comfort with the company's top line outlook for growth of over 20% amid near-term headwinds.
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