UBS Trims Under Armour (UA) Price Target to $55, Maintains Neutral

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UBS today maintained a Neutral rating on Under Armour, Inc. (NYSE: UA) and trimmed its price target to $55.00 (from $57.00).

Analysts said, "We expected ongoing solid trends from UA's core apparel business. That said, UA's '13 challenge will be to reinvigorate confidence in the 'beyond the core' multi-faceted growth story investors heard at the 2011 analyst day in the wake of several key mgnt departures – and little new news on in’l expansion."

For an analyst ratings summary and ratings history on Under Armour, Inc. (NYSE: UA) click here. For more ratings news on Under Armour, Inc. click here.

Shares of Under Armour, Inc. closed at $50.20 yesterday, with a 52 week range of $44.07-$107.86.

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