BMO Capital lowered the firm’s price target on Under Armour (UAA) to $9 from $12 but keeps an Outperform rating on the shares. The company’s Q4 results marked another quarter of improved gross margins on lower revenue as it works to reset the business, the analyst tells investors in a research note. BMO adds that it continue to commend the management’s focus on improving margins, having long believed that brand re- elevation can be a self-help lever with margin expansion in management’s hands.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- 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
- Under Armour price target raised to $5 from $4 at Wells Fargo