Why Did BofA Upgrade Columbia Sportswear Stock?
A strong sell-through, helped by cold weather conditions in January and February, should support channel restocking and lend upside to Columbia Sportswear Company’s (NASDAQ: COLM ) Fall 2021 order book, according to BofA Securities. The Columbia Sportswear Analyst: Alexander Perry upgraded the rating for Columbia Sportswear from Neutral to Buy, while raising the price target from $108 to $128. The Columbia Sportswear Thesis: The company appears poised to benefit from “a stronger F21 recovery vs. our original expectations,” Perry said in the upgrade note. “We believe COLM was better positioned compared to other brands and retailers … Full story available on Benzinga.com
Why Did BofA Upgrade Columbia Sportswear Stock?
A strong sell-through, helped by cold weather conditions in January and February, should support channel restocking and lend upside to Columbia Sportswear Company’s (NASDAQ: COLM ) Fall 2021 order book, according to BofA Securities. The Columbia Sportswear Analyst: Alexander Perry upgraded the rating for Columbia Sportswear from Neutral to Buy, while raising the price target from $108 to $128. The Columbia Sportswear Thesis: The company appears poised to benefit from “a stronger F21 recovery vs. our original expectations,” Perry said in the upgrade note. “We believe COLM was better positioned compared to other brands and retailers … Full story available on Benzinga.com