Citigroup Reiterates Sell Rating, $45 PT on Columbia Sportswear Company Ahead of Thursday Q4 Earnings Report
In a report published Wednesday, Citigroup reiterated its Sell rating and $45.00 price target on Columbia Sportswear Company (NASDAQ: COLM ). Citigroup noted, “COLM previewed a Q4 miss on 1/16, w/ sales expected to be down ~5% y/y (vs. +1.5% previously), gross margins down 120-130bps (below 50-75bps previously), and SG&A
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