Wells Fargo Downgrades Canada Goose Hldgs to Equal-Weight, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has downgraded Canada Goose Holdings (NYSE:GOOS) from Overweight to Equal-Weight and lowered the price target from C$25 to C$20.
October 19, 2023 | 1:34 pm
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Canada Goose Holdings has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from C$25 to C$20.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for the company's stock. The lowering of the price target from C$25 to C$20 further suggests that the analyst believes the stock may underperform in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100