BofA lowered the firm’s price target on Columbia Sportswear (COLM) to $47 from $58 and keeps an Underperform rating on the shares following quarterly results. The firm cites challenges in the U.S. marketplace. BofA is lowering its 2025 EPS to $3.05 from $3.45, which reflects $35M of incremental COGS pressure in the second half of the year based on 10% universal tariff and 30% China tariff.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COLM:
- Columbia Sportswear’s Earnings Call: Mixed Sentiments
- Columbia Sportswear price target lowered to $55 from $72 at Baird
- Columbia Sportswear price target lowered to $40 from $45 at UBS
- Columbia Sportswear Faces Tariff Challenges and Cost Pressures Leading to Hold Rating
- Columbia Sportswear price target lowered to $61 from $64 at Citi
