Orders Might be PULLED BACK from Dept. Stores
(Reprinted from above link)
Canada Goose -2% after D.A. Davidson cut
Nov. 7, 2019 8:30 AM ET|About: Canada Goose Holdings Inc. (GOOS)|By: Clark Schultz, SA News Editor
Shares of Canada Goose (NYSE:GOOS) swing lower in early trading after D.A. Davidson warns that department stores may be pulling back on their fall/winter season orders from the company amid the ongoing decline in mall traffic.
The firm lowers Canada Goose to Neutral from Buy and lowers its price target to $42 from $48 vs. the average sell-side PT of $49.20.
GOOS -2.28% premarket to $39.43.