UPDATE: Goldman Sachs Resumes Coverage on Columbia Sportswear Company with Neutral Rating, $60 PT on Attractive View

In a report published Thursday, Goldman Sachs analyst Lindsay Drucker Mann resumed coverage on Columbia Sportswear Company COLM with a Neutral rating and $60.00 price target. In the report, Mann noted, “We resume coverage of COLM with a $60, six-month price target and Neutral rating relative to our Attractive coverage view. COLM's focus and investment behind innovative product is a positive; near-term, however, we see more compelling opportunities in the athletic sector and view other brands as better positioned to capture market share in the Outdoor and Action sports segment.” Columbia Sportswear Company closed on Wednesday at $58.63.