Canada Goose down after Barclays downgrades to 'underweight'

ReutersMar 31, 2025 3:50 PM

U.S.-listed shares of luxury parka maker Canada Goose GOOS.NGOOS.TO falls as much as 8.9% to a record low of $7.51

Barclays downgrades stock to "underweight" from "equal weight", cuts PT to $8 from $10

Brokerage says recent pullback in share price reflects near-term pressures from increased competition and challenging macroeconomic environment

Also cites exposure to tariff risks due to heavy reliance on production in Canada behind downgrade

Co's Canada-listed shares down 4.4%

Average analyst rating on stock is "hold"; with a median PT of $9- data compiled by LSEG

Including session moves, both listings of GOOS has fallen 22% YTD

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