By: Benzinga
UPDATE: Bank of America Downgrades Columbia Sportswear Company to Underperform on Pre-Announcement
Bank of America downgraded Columbia Sportswear Company (NASDAQ: COLM ) from Buy to Underperform and lowered the price objective from $60.00 to $45.00. Bank of America commented, "We are downgrading Columbia Sportswear to Underperform (from Buy) following COLM's pre-announcement of updated 4Q12 guidance well below our forecast. COLM now expects
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