Canada Goose price target lowered to $10 from $18 at UBS

UBS analyst Jay Sole lowered the firm’s price target on Canada Goose to $10 from $18 and keeps a Neutral rating on the shares following the Q2 earnings report. The firm expects consensus EPS estimates to drop at least 25% based on the company’s new guidance, the analyst tells investors in a research note. While the firm believes the Canada Goose brand name has lost relevance with consumers and this is manifesting in negative same store sales growth, management is likely to fix the problem.