Fly News Breaks for February 10, 2020
Feb 10, 2020 | 09:35 EDT
RBC Capital analyst Kate Fitzsimons lowered her price target on Canada Goose to C$50 after its "in line" holiday quarter and reflecting the company's "rebased" outlook in Q4 due to coronavirus-driven Chinese consumer pullback in Asia and in tourist locations abroad. The analyst is keeping her Outperform rating on Canada Goose however, stating that while the outbreak is clouding the company's 20% revenue growth algorithm heading into FY21, its "superior growth" profile around its store, e-commerce, international, and new category attributes remains intact.
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