Columbia Sportswear price target lowered to $45 from $51 at UBS

UBS analyst Mauricio Serna lowered the firm’s price target on Columbia Sportswear (COLM) to $45 from $51 and keeps a Sell rating on the shares. The firm’s checks suggest an in-line Q2, but tariffs remain a near-term risk, which is likely to keep Columbia from issuing Q3 or FY25 EPS guidance, the analyst tells investors in a research note.