Why Canada Goose Jumped 12% Today

Why Canada Goose Jumped 12% Today

Canada Goose Holdings (NYSE: GOOS) shares jumped 12% this morning, before settling back to remain up 8% as of 11:20 a.m. EDT. The luxury outerwear company received an upgrade to outperform from Cowen analyst Oliver Chen, along with a more than 50% jump in price target. Like most retailers, Canada Goose has initially been impacted negatively by the COVID-19 pandemic.