UBS raised the firm’s price target on Under Armour (UAA) to $11 from $8 and keeps a Buy rating on the shares. The Under Armour brand remains an important asset, and the company is expected to leverage it more effectively than in recent years, the analyst tells investors in a research note. Strategic actions should drive second-derivative improvement in North America revenue growth, boosting stock sentiment, with the Q3 report reinforcing this conviction, UBS says.
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