- Telsey Advisory Group downgrades Under Armour (NYSE:UA) to Market Perform from Outperform. The price target is slashed by the firm to $35 from $49.
- Deutsche Bank moves to a Hold rating on UA from Buy.
- Cowen and Company lines up the stock at Market Perform after having it at Outperform.
- Mizuho downgrades to Neutral from Buy and lowers its PT to $32 from $52.
- Holding its ground is Buckingham Research with a reiteration of a Buy rating and $48 price target. Analyst Scott Krasik says Under Armour is the "best growth story" in consumer and that investors should add to their positions at current levels.
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SA contributor Stone Fox Capital plays it down the middle. UA still has "stretched valuation" based on the limited earnings growth, but looks interesting closer to $30, observes Stone Fox.
- UA -1.49% premarket to $32.40 to follow on yesterday's 13% slide.