Early-Stage Growth: Analysts and China

early-stage growth: Analysts cut their price objective to C 54, down from C 93, according to Market Watch. However, analysts are bullish about the company's prospects in China. Bank of America analysts expressed concern that the company's direct-to-consumer momentum for its cold-weather outerwear and accessories is slowing, suggesting that there is a risk of saturation. We believe the main risk to our neutral rating is that Canada Goose's China expansion continues to exceed expectations, wrote analysts led by Robert Ohmes. Susquehanna Financial Group analysts suggest investors buy the weakness. China is the world's largest luxury market and Canada Goose is in early-stage growth with two stores Beijing and Hong Kong and e-commerce operations on TMall opened in fiscal third quarter 2019 with three additional store openings planned for fiscal 2020 . Read Abercrombie & Fitch's store closure plan means near-term pain for long-term gain Canada Goose GOOS, -5.05% reported fourth-quarter sales that fell below expectations, sending the stock into a nose dive. (news.financializer.com). As reported in the news.