Columbia Sportswear price target raised to $82 from $70 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Columbia Sportswear to $82 from $70 and keeps a Neutral rating on the shares. The firm said their Q2 EPS topped low consensus, but required SG&A to offset a gross profit shortfall and they are maintaining conservative projections, viewing the risk/reward as roughly balanced until the company proves a sustained shift back toward driving healthier full-priced selling.