Fly News Breaks for February 10, 2020
Feb 10, 2020 | 07:51 EDT
As reported previously, Cowen analyst Oliver Chen downgraded Canada Goose to Market Perform from Outperform. the analyst cited a lack of evident revenue and gross margin upside amid evolving coronavirus risks. He said his analysis suggests tourism-related traffic slowdown but he said the brand strength remains robust and it could be a takeout target. Chen lowered his price target to $29 from $50 on Canada Goose shares.
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