Canaccord Genuity Boosts Price Target on Black Diamond (BDE)

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Today Canaccord Genuity analysts reiterated a Buy rating on Black Diamond (NASDAQ: BDE) and raised their price target to $13.00 (from $12.50).

Despite a tough marco environment, the company reported a solid Q2. Camilo Lyon, an analyst with Canaccord Genuity said "Gregory (now integrated into BDE's European platform) helped drive good growth in a tough environment. With POC in the portfolio to complement the leadership position of Black Diamond and Gregory, we believe BDE is well positioned to drive solid sales acceleration."

For an analyst ratings summary and ratings history on Black Diamond click here. For more ratings news on Black Diamond click here.

Shares of Black Diamond closed at $10.25 yesterday, with a 52 week range of $6.00-$10.63.

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