Under Armour price target lowered to $4 from $7 at Wells Fargo

Wells Fargo lowered the firm’s price target on Under Armour (UA) (UAA) to $4 from $7 and keeps an Equal Weight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.