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Fly News Breaks for September 20, 2016
COLM
Sep 20, 2016 | 07:35 EDT
As reported previously, Canaccord analyst Camilo Lyon upgraded Columbia Sportswear to Buy from Hold. The analyst cited both macro and idiosyncratic factors which have improved, including expectations for increased high-single digit revenue growth, ERP systems leverage, direct-to-consumer mix shift benefits, sustained expense leverage, and diminishing foreign exchange headwinds. Lyon raised his price target to $72 from $59 on Columbia Sportswear shares.
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