Evercore ISI initiated coverage of Canada Goose with an In Line rating and $11 price target. While stating that Canada Goose has potential for “one of the more significant positive EPS revision scenarios of any stock in our coverage given the depressed Chinese tourist,” the firm sees several counter-balancing risks – including elevated inventory, recent underperformance and slower re-open of Chinese tourism- that leaves at In Line as of today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GOOS:
- Short Report: Bearish positioning on Encore Wire reaches record high
- Canada Goose price target lowered to $10 from $18 at UBS
- Canada Goose price target lowered to $16 from $24 at Baird
- Canada Goose price target lowered to $11 from $18 at Barclays
- Canada Goose (TSE:GOOS) Goes South After Slashing Sales Forecasts