Baird analyst Jonathan Komp raised his price target on Columbia Sportswear to $92 from $87 following its plans to acquire the remaining portion of its China joint venture that is does not already own as part of its strategy to accelerate investment behind its brand-led, consumer first approach. The analyst sees an upward bias to near-term estimates and a favorable setup heading into Q1 results. Komp reiterated his Outperform rating on Columbia Sportswear shares.
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