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Fly News Breaks for November 14, 2019
GOOS
Nov 14, 2019 | 08:19 EDT
Credit Suisse analyst Michael Binetti lowered his price target for Canada Goose to C$62 from C$72, saying the Q2 headline numbers were better than expected despite increasingly negative sentiment into the print. Binetti tells investors in a research note that he was disappointed that this earlier shipment timing resulted in guidance for wholesale revenue to be down mid-teens in Q3. The analyst maintains an Outperform rating.
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