Truist lowered the firm’s price target on Under Armour (UAA) to $5 from $8 and keeps a Hold rating on the shares. The firm cites the company’s in-line Q4 results and initial FY27 outlook coming in below consensus estimates on both top and bottom lines, the analyst tells investors in a research note. Truist adds that it remains more cautious on Under Armour’s ability to drive full-priced demand at higher price points in a challenging macro backdrop.
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