Columbia Sportswear (COLM) PT Raised to $62 at Stifel on 3Q; 'Columbia Delivers in 3Q as International & DTC'

October 27, 2017 7:50 AM

Stifel raised its price target on Columbia Sportswear (NASDAQ: COLM) to $62.00 (from $60.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Jim Duffy notes a positive outlook on shares, commenting that "3Q results showed both Columbia’s global brand opportunity and the offsetting effect of ongoing challenges in the North American market (-12% y/y wholesale revenue declines, -7ppts attributable to timing shifts). FY17 guidance was maintained and, helped by contribution from DTC in 4Q may prove conservative though US wholesale challenges are likely to remain a headwind into FY18."

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