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Fly News Breaks for April 23, 2018
COLM
Apr 23, 2018 | 08:08 EDT
Needham analyst Rick Patel initiated Columbia Sportswear with a Buy rating and a price target of $87. The analyst cites the its position as a "multi-branded company with diversified growth opportunities across geographies, channels, and product categories". The analyst also expects Columbia Sportswear to drive global sales expansion, benefiting from several underpenetrated areas for growth ahead. Patel further believes that the company can grow market share and improve operations to help better "monetize" demand, contending that consensus views have some upside based on the company's earnings growth and margin expansion potential.
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