Baird added Columbia Sportswear as a bearish Fresh Pick through May as he expects the company to reach low Q1 estimates, but sees risk of negative revisions to Q2. A lower Q2 outlook could lead to an even more back-weighted annual growth plan, and lingering inventory overhang, U.S. wholesale challenges, likely softer international DTC, and long-term growth uncertainties, the analyst said. Baird maintans its Neutral rating and $70 price target on Columbia Sportswear shares.
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