Goldman Sachs Downgrades Canada Goose Hldgs to Sell, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexandra Walvis has downgraded Canada Goose Holdings (NYSE:GOOS) from Neutral to Sell and reduced the price target from $11.5 to $9.
October 21, 2024 | 12:13 pm
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Goldman Sachs has downgraded Canada Goose Holdings to Sell, reducing the price target to $9, indicating a negative outlook.
The downgrade from Neutral to Sell by a major financial institution like Goldman Sachs, along with a lowered price target, suggests a negative short-term outlook for Canada Goose Holdings. This is likely to lead to a decrease in investor confidence and a potential drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100