Canada Goose shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and cut its price target from $11.5 to $9.
Portfolio Pulse from Benzinga Newsdesk
Canada Goose shares fell after Goldman Sachs downgraded the stock from Neutral to Sell and reduced its price target from $11.5 to $9.
October 21, 2024 | 4:38 pm
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Goldman Sachs downgraded Canada Goose from Neutral to Sell, reducing the price target from $11.5 to $9, leading to a drop in share price.
The downgrade from a major financial institution like Goldman Sachs typically influences investor sentiment negatively, especially with a reduced price target. This is likely to cause a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100