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Fly News Breaks for December 6, 2018
COLM
Dec 6, 2018 | 05:36 EDT
Pivotal Research analyst Mitch Kummetz upgraded Columbia Sportswear to Buy and raised his price target for the shares to $107 from $97. The analyst believes the winter season is "trending very well" for Columbia and Sorel brands. Further, he views the stock's risk/reward as more favorable at current levels. The valuation "isn't compelling but also doesn't reflect potential upside," Kummetz tells investors in a research note.
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