Under Armour (UA) Estimates, PT Raised to $75 at Sterne Agee

Sterne Agee analyst Sam Poser reiterated a Buy rating and boosted his price target on Under Armour, Inc. (NYSE: UA) to $75.00 (from $68.00) following better-than-expected results.

Poser comments, "Growth is strong and broad based and UA is positioned for the future. UA is well on its way to becoming the solid #2 player. Management is likely keeping extra ammunition outside of stated guidance. Spending is controlled, and necessary for the growth to continue. $5B in revenue will be realized by 2017 and $10B is not far behind that. Raising FY14/15 EPS estimates from $0.95/$1.29 to $0.96/$1.32 and introducing FY16 EPS estimate of $1.71."

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 $60.63 yesterday.

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