Telsey Advisory lowered the firm’s price target on Under Armour (UA) (UAA) to $5 from $7 and keeps a Market Perform rating on the shares. While Under Armour is making progress on some aspects, such as reducing promotions and cutting costs, these changes are not yet reflected in its financial results, the analyst tells investors. Additionally, earnings will be taking a large cut due to tariffs in FY26, which will stall the company’s progress on its turnaround.
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