DA Davidson analyst Michael Kawamoto raised his price target on Columbia Sportswear to $129 and kept his Buy rating after its "impressive" Q1 results, saying the quarter positions the company for "another strong year." The analyst also cites the strength of Columbia Sportswear's brand in U.S. markets and its "robust product line", adding that the management's raised FY19 guidance highlights its "great visibility" into the performance of its growth initiatives.
UBS raised the firm's price target on Columbia Sportswear to $60 from $59 and keeps a Sell rating on the shares. The firm maintains a bearish view on Columbia despite a 37c beat on Q1 EPS and thinks topline challenges will persist, leading to margin pressures and weakening EPS growth, the analyst tells investors in a research note.
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