Canada Goose down after Barclays downgrades to 'underweight'

Canada Goose Holdings

31/03/2025 16:50

** 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

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))