Canada Goose down as Goldman Sachs downgrades stock on slower global luxury growth
** U.S.-listed shares of luxury parka maker Canada Goose GOOS.TO, GOOS.N down as much as 7.7% at $10.38
** Brokerage Goldman Sachs downgrades rating on stock to "sell" from "neutral" ahead of Q2 results on Nov. 7
** Cites intensifying competition, signs of normalizing brand momentum, slowing global luxury backdrop and a choppy China macro as risks to GOOS
** "GOOS is one of the few brands in our coverage universe with a sharp increase in comp growth embedded into H2 guidance, and we thus see more limited room for outperformance," — GS analyst Brooke Roach
** Brokerage sees potential upside from recent fiscal stimulus measures in China, but "cautious on the level and magnitude of the improvement possible"
** Lowers PT to $9 from $11.50; says tougher backdrop could weigh on co's ability to drive sales growth and operating margin expansion
** Two of 11 brokerages rate the stock "strong buy", five "hold" and four "sell", with a median PT of $14
** Including session's moves, stock has fallen 11.5% YTD
Reporting by Neil J Kanatt in Bengaluru
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