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.
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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
