Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Canada Goose cut to sell at Goldman Sachs on ‘less attractive risk/reward’

admin by admin
October 21, 2024
in Stock
0
Canada Goose cut to sell at Goldman Sachs on ‘less attractive risk/reward’
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

Investing.com — Goldman Sachs downgraded Canada Goose to Sell from Neutral on Monday, citing challenges in the competitive landscape and concerns over slowing brand momentum.

The firm highlighted several factors that contributed to the downgrade, pointing to a “less attractive risk/reward” compared to other companies in the apparel and retail sector.

“We see a less attractive risk/reward relative to other companies in our brands and apparel sector for GOOS,” said Goldman Sachs.

The firm noted that Canada Goose faces an increasingly competitive environment, with early signs of normalizing consumer engagement and a broader slowdown in the global luxury market.

Additionally, “a choppy China macro” has further weighed on the company’s outlook, adding to the challenges.

Although Goldman acknowledged some positive aspects of Canada Goose’s strategy, such as new product initiatives under its creative director and a focus on retail improvements, the analysts believe these efforts are already reflected in the company’s guidance.

“While we are constructive on GOOS’s strategic initiatives, including product capsules from new creative director and management’s focus on improving retail execution we believe the majority of these potential benefits are already embedded in guidance,” said Goldman Sachs.

Goldman Sachs also expressed caution about the broader apparel market ahead of the third-quarter earnings season, noting that weather disruptions and geopolitical uncertainties, including U.S. election impacts, could create volatility.

However, looking into 2025, the firm sees potential for a healthier retail outlook driven by falling gas prices, improving consumer discretionary cash flow, and a more balanced inventory environment.

Goldman is focused on companies that offer compelling value through innovation, new products, and strong margins. For now, though, Canada Goose does not fit the profile for the bank.

This post appeared first on investing.com

Previous Post

ECB’s Simkus says rates may need to go below ‘natural’ level

Next Post

Factbox-Airlines suspend flights as Middle East tensions rise

admin

admin

Next Post
Factbox-Airlines suspend flights as Middle East tensions rise

Factbox-Airlines suspend flights as Middle East tensions rise

Trending News

Best crypto to buy as Coinbase warms up to inclusion in the S&P 500

Best crypto to buy as Coinbase warms up to inclusion in the S&P 500

May 14, 2025
Bitcoin mining profitability drops in September as hashrate rises 1.7% amid stagnant prices

Bitcoin mining profitability drops in September as hashrate rises 1.7% amid stagnant prices

October 14, 2024
UK government unveils 2025 spending review: focus on renewal

UK government unveils 2025 spending review: focus on renewal

June 11, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.