Under Armour price target raised to $8 from $6 at Truist

Truist raised the firm’s price target on Under Armour (UAA) to $8 from $6 and keeps a Hold rating on the shares. The company’s Q3 results topped estimates against a “low bar”, though while the management remains bullish on FY27, the firm is more cautious on its turnaround timing, the analyst tells investors in a research note. Truist adds it remains on the sidelines pending more visibility into durable improvements to underlying demand trends.