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Fly News Breaks for April 27, 2018
COLM
Apr 27, 2018 | 08:48 EDT
DA Davidson analyst Andrew Burns raised his price target on Columbia Sportswear to $96 after its Q1 earnings beat and raised FY18 outlook. Burns says the company is "capitalizing on a healthy retail environment", and he is encouraged by its near-term business momentum amid "brand strength, operating efficiencies, an improved retail backdrop and favorable weather." The analyst also keeps his Buy rating on Columbia Sportswear, forecasting continued improvement in FY19.
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