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Fly News Breaks for October 7, 2019
COLM
Oct 7, 2019 | 07:38 EDT
Wedbush added Columbia Sportswear to its Best Ideas List, saying that it has exceeded expectations while consistently raising its outlook. Shares on the other hand have underperformed, trading at a 16% discount to historical levels possibly due to concerns over Chinese sourcing exposure and/or worries over slowing growth, both of which are unfounded in Wedbush's view. The firm has an Outperform rating on the stock.
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