UBS lowered the firm’s price target on Under Armour (UA) (UAA) to $7.50 from $8 and keeps a Buy rating on the shares post the Q2 report. The firm says tariffs are having a pronounced negative impact on the company’s sales and margins in fiscal 2026. While UBS lowered estimates significantly, it expects Under Armour to undergo a “strong turnaround in fundamentals” in fiscal 2027. This will “significantly surprise” the market given the very bearish sentiment on the stock, the analyst tells investors in a research note.
Claim 55% 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:
- Under Armour Faces Market Challenges Amid Tariff Pressures: Hold Rating Justified
- Under Armour price target lowered to $5.50 from $6 at Citi
- Under Armour Faces Challenges: Sell Rating Due to Stagnant Growth and Competitive Pressures
- Under Armour price target lowered to $9 from $10 at Stifel
- Under Armour Reports Q1 Fiscal 2026 Results