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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Read More on UAA:
- Under Armour price target lowered to $9 from $12 at BMO Capital
- Under Armour price target lowered to $8 from $10 at BofA
- Under Armour price target lowered to $10 from $11 at Stifel
- Under Armour price target raised to $7 from $6 at Baird
- Cautious Outlook on Under Armour: Sell Rating Amid High Valuation and Uncertain Turnaround Prospects