UPDATE: Goldman Sachs Resumes Columbia Sportswear Company with Neutral Rating on Attractive View
In a report published Thursday, Goldman Sachs analyst Lindsay Drucker Mann resumed coverage on Columbia Sportswear Company (NASDAQ: 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.
Latest Ratings for COLM
|Aug 2014||Bank of America||Upgrades||Underperform||Buy|
|Jul 2014||McAdams Wright Ragen||Upgrades||Sell||Hold|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.