UBS Downgrades Columbia Sportswear to Sell, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole has downgraded Columbia Sportswear (NASDAQ:COLM) from Neutral to Sell and reduced the price target from $76 to $62, indicating a bearish outlook on the company's stock.
January 05, 2024 | 1:55 pm
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UBS analyst Jay Sole downgraded Columbia Sportswear to Sell and lowered the price target to $62, suggesting a negative sentiment towards COLM's future stock performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest lower confidence in the company's future performance. The reduction in price target further emphasizes the expectation of a decrease in the stock's value.
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IMPORTANCE 85
RELEVANCE 100