Why This Columbia Sportswear Analyst Is No Longer Bullish
Columbia Sportswear Company (NASDAQ: COLM ) faces a more challenging near- and medium-term outlook than previously anticipated, according to BofA Securities. The Columbia Sportswear Analyst: Alexander Perry downgraded Columbia Sportswear from Buy to Neutral and lowered the price target from $100 to $90. The Columbia Sportswear Thesis: Warmer weather and lower snowfall could hurt holiday outerwear sales, Perry said in the Wednesday downgrade note. Rival Dicks Sporting Goods Inc (NYSE: DKS ) also indicated lower sales of cold weather categories in November, while warmer weather … Full story available on Benzinga.com
Why This Columbia Sportswear Analyst Is No Longer Bullish
Columbia Sportswear Company (NASDAQ: COLM ) faces a more challenging near- and medium-term outlook than previously anticipated, according to BofA Securities. The Columbia Sportswear Analyst: Alexander Perry downgraded Columbia Sportswear from Buy to Neutral and lowered the price target from $100 to $90. The Columbia Sportswear Thesis: Warmer weather and lower snowfall could hurt holiday outerwear sales, Perry said in the Wednesday downgrade note. Rival Dicks Sporting Goods Inc (NYSE: DKS ) also indicated lower sales of cold weather categories in November, while warmer weather … Full story available on Benzinga.com