Benzinga's Top Analyst Calls From April 27, 2018

These headlines first appeared on Benzinga Pro.

• Stifel out positive on Under Armour Inc UAA, says the recent Columbia Sportswear COLM earnings report is a positive opportunity for the company; Believes there's a trade opportunity ahead of Q1 report with Under Armour short interest at 36 percent of float.
• Cowen lowers Snap Inc. SNAP price target from $14 to $12 due to estimated changes in operating expenses; Says three areas of focus for Q1 earnings will be ad revenue growth, user and engagement growth and reception of recent app redesign.
• Wedbush out positive on Proofpoint Inc PFPT; Expects increased momentum in coming quarters and years due to increase of products and value, raises price target from $130 to $136 and says there’s “many reasons to go long."
• Buckingham raises Columbia Sportswear price target from $72 to $80 as they're encouraged by balanced strength across all brands, channels and geographies; Says they're optimistic on long-term opportunities for the company.
• Cowen raises Callaway Golf Co ELY price target from $16 to $18; Says the brand name remains strong as it continues leading the innovation pipeline in gold; Views co.'s Topgolf as the leader in the emerging ‘experimental economy.'
• JPMorgan cuts 3M Co MMM price target fo $228; Says recent quarter wasn't a 'disaster,' but did suggest ongoing downside to future consensus.

See Also:

Benzinga’s Top Upgrades, Downgrades For April 27, 2018

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