December 10, 2018 / 11:51 AM / 3 months ago

BUZZ-Susquehanna initiates Canada Goose with positive rating

** Brokerage Susquehanna initiates coverage on the luxury apparel maker with positive rating, PT at C$98

** “We view Canada Goose as the best-inclass, luxury, aspirational cold weather brand steeped in heritage, with significant growth potential,” writes analyst Sam Poser

** Expects sales from outside of North America to lead growth for next few years

** GOOS topped 2nd-qtr profit estimates last month, driven by strong growth across its online and branded stores

** 7 of 12 brokerages rate the stock “buy” or higher, 4 “hold” and 1 “sell”; their median PT is C$98

** Up to Friday’s close of C$77.77, stock had nearly doubled (Reporting by Laharee Chatterjee in Bengaluru)

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