Under Armour price target raised to $8 from $7.50 at UBS

UBS raised the firm’s price target on Under Armour (UAA) to $8 from $7.50 and keeps a Buy rating on the shares. The Under Armour brand name remains an important asset and the company should be able to better leverage it going forward than it has over the past few years, the analyst tells investors in a research note. The company’s strategic actions should help stabilize its North America business by the end of FY26, positioning it to return to growth in FY27, UBS argues.