Aug. 24 at 5:54 PM
Wells Fargo downgraded Canada Goose to underweight from overweight, noting the El Niño or expectations of a warmer winter will strike the retail company that makes winter clothes.
It noted Canada Goose underperformed during the third quarter of 2025, with only 6% of material sales growth instead of 21% to 30%.
“We now model a modest -600bps impact to Q3 comps (now model comps -5% from +1%), taking our total sales estimate to +1.9% (below St.’s +4.4%),” they wrote.
The analysts noted El Niño has been not been considered heavily by investors. It also gave the retail company a
$10 target price from
$16, implying 14.4% upside from Friday’s close.
$GOOS