Canada Goose downgraded to Market Perform from Outperform at Raymond James

Raymond James downgraded Canada Goose to Market Perform from Outperform without a price target as part of a Q2 preview for the global brands and softlines sector. The analyst has less confidence about the shape of Canada Goose’s growth in fiscal 2025 following negative reads on China from other luxury companies. While fiscal Q1 is only 6% of the company’s fiscal 2025 revenue, the continuation of difficult market conditions increases risk around the annual guidance for the critical fall/winter season, the analyst tells investors in a research note.