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. Chen identified several tailwinds for the retailer, including the belief that it could benefit from the pandemic going forward. 

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Source Fool.com