TD Cowen Downgrades Columbia Sportswear to Market Perform, Lowers Price Target to $83
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst John Kernan has downgraded Columbia Sportswear (NASDAQ:COLM) from Outperform to Market Perform and lowered the price target from $94 to $83.
August 04, 2023 | 12:53 pm
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Columbia Sportswear has been downgraded by TD Cowen and its price target has been lowered, which could negatively impact its stock price.
The downgrade from Outperform to Market Perform by TD Cowen indicates a less optimistic outlook for Columbia Sportswear. Additionally, the lowering of the price target from $94 to $83 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100