- Susquehanna cites concerns over growth and reputational risk in lowering Under Armour (UA +1.8%) to a Negative rating from Neutral.
- "Commentary by the CEO in a CNBC interview in a polarized political climate, and pointed response by Stephen Curry, The Rock, and Misty Copeland make it nearly impossible to effectively build a cool urban lifestyle brand in the foreseeable future," writes analyst Sam Poser.
- The price target on UA from Poser and team is lowered to $14 from $24.
- Investors buying into Susquehanna's read on UA are advised by derivatives analyst Chris Jacobsen to buy the July $22.50 puts instead of shorting the stock.