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Under Armour price target lowered to $7 from $9 at Truist

Truist lowered the firm’s price target on Under Armour (UAA) to $7 from $9 and keeps a Hold rating on the shares. The company posted an in-line Q4 but provided Q1 guidance that came in well below the Street’s prior expectations on the top-line, the analyst tells investors in a research note. Truist adds it is “incrementally cautious” on the medium and long-term outlook for the company as visibility into tariff headwinds remains limited.

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