As reported earlier, DA Davidson analyst Michael Kawamoto upgraded Columbia Sportswear to Buy from Neutral and raised his price target to $105 from $100. The analyst says the company is well-positioned for sustained organic growth and margin expansion, while its stock is down 4% since Q2 earnings in spite of two reported strong quarters and increased guidance. Kawamoto contends that the fundamentals for Columbia Sportswear are strong and its product portfolio as well as marketing initiatives are being received well. The analyst also notes that the weather-related factors have been positive thus far.