UBS Maintains a 'Neutral' on Under Armour, Inc. (UA); Boosting Price Target on Strong Sales
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Price: $61.84 -1.86%
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
11 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade UA Now!
UBS maintains a 'Neutral' on Under Armour, Inc. (NYSE: UA) price target raised from $81 to $98.
Analyst, Michael Binetti, said, "We believe UA sell-thru trends have been ahead of plan this spring—boosted by weather as well as strong consumer acceptance of price increases on key items (like Tech T). We are particularly encouraged to hear strength in important new categories like basketball. We believe UA has strong innovation coming for fall in the core Cold Gear category. Better-than-expected spring trends could mean upside to our 1Q ests, and strong 2H innovation create upside bias to our 2H12 EPS estimates." (FY13 EPS raised from $3.00 to $3.05)
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $94.45 yesterday, with a 52 week range of $52.62-$99.35.
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Analyst, Michael Binetti, said, "We believe UA sell-thru trends have been ahead of plan this spring—boosted by weather as well as strong consumer acceptance of price increases on key items (like Tech T). We are particularly encouraged to hear strength in important new categories like basketball. We believe UA has strong innovation coming for fall in the core Cold Gear category. Better-than-expected spring trends could mean upside to our 1Q ests, and strong 2H innovation create upside bias to our 2H12 EPS estimates." (FY13 EPS raised from $3.00 to $3.05)
For an analyst ratings summary and ratings history on Under Armour, Inc. click here. For more ratings news on Under Armour, Inc. click here.
Shares of Under Armour, Inc. closed at $94.45 yesterday, with a 52 week range of $52.62-$99.35.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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