UPDATE: Feltl and Company Initiates Black Diamond at Buy on Growth Outlook

Feltl and Company initiated coverage on Black Diamond

with a Buy rating and an $11 price target. Feltl and Company said, "Black Diamond (BDE) is a leading provider of recreational outdoor products and equipment that is growing at a rapid pace due to strong demand for its products, new product launches, acquisitions, and broadening distribution. … We view the company as an emerging growth story that is benefitting from a strong pipeline of new products for its loyal customers as well as strong secular trends for its industry. BDE is building market share through four unique brands." Black Diamond closed at $9.32 on Monday.