Stock Track | Columbia Sportswear Soars 17.53% Intraday on Multiple Analyst Price Target Hikes

Stock Track02-04 22:38

Columbia Sportswear's stock soared 17.53% during intraday trading on Wednesday, following a series of positive analyst actions that boosted investor confidence.

The significant upward movement appears to be driven by multiple financial firms raising their price targets for the company. Stifel Nicolaus raised its target to $68 from $60 while maintaining a Buy rating, Baird increased its target to $63 from $55, and Citi lifted its target to $62 from $55. Additionally, BTIG maintained its price target at $75.00 per share.

These upward revisions reflect growing analyst confidence in Columbia Sportswear's financial outlook following the company's latest earnings report, prompting increased investor buying activity during the trading session.

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