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Fly News Breaks for November 19, 2015
COLM
Nov 19, 2015 | 07:46 EDT
As previously reported, BofA/Merrill downgraded Columbia Sportswear to Neutral from Buy and lowered its price target to $52 from $78 on shares. Analyst Rafe Jadrosich sees limited upside to his below consensus 2016 estimates given elevated industry inventory levels and a slower sell through. Jadrosich said warm weather has pressured industry sell-through and expects gross margins to be pressured by lower margin clearance product in outlets and increased off price penetration.
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