Goldman Sachs expects Under Armour turnaround

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

Under Armour (UA, UAA) lands on the Americas Conviction Buy List at Goldman Sachs as part of an upgrade on the athletic apparel stock to Buy from Neutral.

The confidence from Goldman is based off the expectation for Under Armour's margins to show marked improvement.

GS assigns a price target of $28 to UAA, a level not seen for shares since the early part of 2017.

UAA +0.34% to $20.56. UA +0.65% to $18.67.

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