FINWIRES · TerminalLIVE
FINWIRES

UBS Maintains Neutral Rating, US$12.00 Price Target on Canada Goose

By

UBS is maintaining its neutral rating and US$12.00 price target on the shares of Canada Goose (GOOS.TO) ahead of the luxury outerwear retailer reporting its fiscal fourth-quarter results on May 14.

UBS Quant Team's data shows GOOS' crowding score is modestly below the industry average. The stock is also down 15.4% YTD vs. the S&P 500's +8% move. At the same time, GOOS' FY2 P/E multiple is roughly 1-turn above its past 3-year average.

"Overall, we believe sentiment leans slightly bearish and our conversations with investors suggests the same," UBS writes.

Price: $14.88, Change: $-0.14, Percent Change: -0.93%

Related Articles

Mining & Metals

Pet Valu Holdings Price Target Cut to $23.00 After Q1 Miss

Stifel Canada has cut its price target on the shares of Pet Valu Holdings (PET.TO) by $9.00 to $23.00 after the company reported a first-quarter earnings miss.Analyst Martin Landry, who is maintaining a buy rating on the shares, believes Pet Valu is negatively impacted by macroeconomic events rather than company specific issues. Consumer confidence has lagged in recent months, as inflationary pressure impacts discretionary spending. Still, the pet-food industry has resilient characteristics and Pet Valu seems to be gaining market share according to management, he writes. Pet Valu has an 18% market share, 300bps higher than the next competitor.If the Iran conflict gets resolved, consumer confidence could return and fuel costs could abate, Landry adds. He is lowering his 2026 earnings per share forecast to $1.57, down 2% Y/Y, and flat when removing the extra week in 2025.The revised price target reflects lower valuation multiples and lower forecast.Price: $17.02, Change: $+0.02, Percent Change: +0.12%

$PET.TO
Mining & Metals

Red Light Holland Receives Shareholder Approval of Name Change; Keith Li to Resign as CFO

Red Light Holland's (TRIP.CN) shareholders approved its proposed corporate name change at its annual general and special meeting held on May 11, at its office in Toronto, it said Wednesday.The company said it is continuing to evaluate and finalize its new corporate name and will announce the effective date of the name change once finalized with the applicable regulatory authorities and the Canadian Securities Exchange. Red Light Holland also announced that Keith Li, its Chief Financial Officer, provided notice of his intention to resign from his position as CFO.Li agreed to stay on until a new CFO is named, and has assured the company he will provide assistance until the completion of the company's annual audit and, as well, to assist the company in the recruitment and training of his successor, it said.Shares of the company were last up 12% at $0.045 on the Canadian Securities Exchange.

$TRIP.CN
Mining & Metals

RBC Lifts Trican Well Service's Price Target to C$8.50 from C$7.50

RBC Capital Markets on Tuesday raised Trican Well Service's (TCW.TO) price target to C$8.50 from $7.50 with a sector perform rating.Trican's first-quarter results were slightly better than expectations, including adjusted EBITDA of $70.1 million that was in between RBC's estimate of $67.9 million and the Street consensus of $72.2 million.RBC increased its 2026 and 2027 EBITDA estimates for Trican following the company's first-quarter performance."We continue to see Trican as a leading Canadian service provider, with strong offerings in pressure pumping and cementing, but see stronger relative opportunity in select US pressure pumpers at present," RBC said.Trican traded at $7.72 per share at last look Wednesday on the Toronto Stock Exchange.Price: $7.74, Change: $+0.16, Percent Change: +2.11%

$TCW.TO