Canada Goose Shares Plunge 6.14% on Wells Fargo Downgrade

Canada Goose (GOOS) shares plummeted 6.14% today, marking the second consecutive day of decline, with a total drop of 9.47% over the past two days. The share price hit a record low, experiencing an intraday decline of 7.64%.

Wells Fargo analyst Ike Boruchow downgraded Canada Goose to a sell rating, adjusting the target price from $11.61 to $8.7. This downgrade has significantly impacted investor sentiment, contributing to the recent decline in the company's stock price. The analyst's pessimistic outlook on the company's future performance has raised concerns among investors, leading to a sell-off in the stock.