FBR Capital negative on Under Armour after channel checks

|About: Under Armour, Inc. Class C (UA)|By:, SA News Editor

FBR Capital lowers Under Armour (NYSE:UA) to an Underperform rating after having the athletic apparel stock set at Market Perform.

Analyst Susan Anderson says the firm's recent channel checks and the increase in competitive pressures on UA prompted the ratings shift.

FBR's new price target is $14.

A positive piece on Under Armour in Barron's is holding more sway in early trading than the FBR cut. UAA +0.35% premarket. UA +1.31%.