BTIG initiated coverage of Under Armour (UA) (UAA) with a Neutral rating and no price target. The company’s strategy reset is progressing but there is “much work to be done to reverse its current revenue trajectory,” the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- Tesla CEO buys shares, China says Nvidia broke antitrust law: Morning Buzz
- Broadcom initiated, Beyond Meat downgraded: Wall Street’s top analyst calls
- Under Armour downgraded to Neutral from Buy at Rothschild & Co Redburn
- Under Armour’s Strategic Shift and Leadership Reinforce Buy Rating Amid Challenges