The Financial Post reports in its Tuesday edition that one of Canada Goose's last remaining bulls has turned bearish, fearing that unusually warm weather, weakness in Europe and fallout from trade negotiations between the United States and Canada will hit the company's outerwear offerings during the key holiday season. A Bloomberg dispatch to the Post says Wells Fargo & Co. analyst Ike Boruchow double-downgraded the outerwear firm to underweight from overweight and cut his price target to $10 from $16. With Mr. Boruchow's downgrade, more than one-third of analysts covering the retailer recommend selling shares. "We simply feel the macro is against them and the near-term risk is material," he wrote in an Aug. 24 note. "The negatives are becoming harder to ignore, with an increasingly difficult setup shaping up for 2H." Canada Goose shares are down 37 per cent so far this year following a string of disappointing earnings and skepticism around the company's ability to create a year-round business. The stock has fallen almost 88 per cent from a 2018 record, losing about $9-billion in market value in the process. The formation of a Super El Niño means that the upcoming winter could be among the hottest on record.