Columbia Sportswear price target raised to $60 from $59 at UBS

UBS raised the firm’s price target on Columbia Sportswear to $60 from $59 and keeps a Sell rating on the shares. The firm maintains a bearish view on Columbia despite a 37c beat on Q1 EPS and thinks topline challenges will persist, leading to margin pressures and weakening EPS growth, the analyst tells investors in a research note.