Columbia Sportswear upgraded to Buy from Hold at Stifel

Stifel analyst Jim Duffy upgraded Columbia Sportswear to Buy from Hold with a price target of $92, up from $84. The upgrade reflects both the company’s fundamental prospects for revenue inflection and Stifel’s historical analysis of stock returns, the analyst tells investors in a research note. The firm says the combination of balance sheet strength and low expectations has historically been a recipe for Columbia share outperformance. Stifel sees high potential for positive revenue surprises beginning in Q4 and into fiscal 2025.