BofA lowered the firm’s price target on Under Armour (UA) (UAA) to $6.40 from $8 and keeps a Neutral rating on the shares. Management is framing FY27 as “a stabilization year,” but brand turnarounds are difficult and the high level of uncertainty in the timing and pace of recovery leaves the firm at Neutral, the analyst tells investors.
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Read More on UAA:
- Under Armour price target lowered to $4.75 from $6.20 at Citi
- Robert Drbul Reiterates Hold as Margin Pressure, Uneven Demand and Rich Valuation Limit Upside Despite Slight Revenue Beat
- Under Armour price target lowered to $5 from $8 at Barclays
- Under Armour cut to Hold at Stifel on ‘more challenging’ risk/reward
- Under Armour downgraded to Hold from Buy at Stifel