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.
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