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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (78879)	4/16/2020 9:22:10 AM
From: Goose94	Read Replies (1) \| Respond to of 203765

Canada Goose Holdings (GOOS-T) D.A. Davidson analyst John Morris boosted to "buy" from "neutral." Mr. Morris raised his target to $30 (U.S.) from $20 (U.S.). Analysts on average target the shares at $38 (U.S.). Mr. Morris says in a note: "Until now, our rating was premised on concerns surrounding the weakening wholesale channel, coupled with high inventory levels, while at the same time the stock was highly valued. We now believe the wholesale weakness is discounted into the stock price and the inventory overhang could recede as the COVID crisis abates. Key reasons for our upgrade include 1) an inventory overhang turns from a negative into a positive, 2) we like the set-up of FY21 due to tailwind comparisons, and 3) the company has a solid balance sheet and liquidity position. ... With GOOS production facilities either closed due to COVID-19 or admirably re-dedicated to medical equipment production, GOOS has high quality, low fashion risk backstock that the company can sell in the coming seasons without incurring additional cost of manufacturing. ... Concerning-inventory levels are likely to recede, alleviating investor concern."