BofA/Merrill analyst Alexander Perry upgraded Columbia Sportswear to Buy and raised his price target to $130 from $112. The analyst cites his outlook for the company to generate "significant near-term revenue and EPS upside" amid a strong wholesale environment for Columbia's apparel as well as its "significant" under-penetration in footwear. Perry further points to the company's "healthy and stable" margins and contends that his implied valuation multiple is in-line with that of its peers.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here