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UPDATE - Needham & Company Upgraded Under Armour (UA) to Buy; View Guidance As Conservative

January 31, 2012 10:07 AM EST Send to a Friend
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Price: $50.42 -7.38%

Rating Summary:
    10 Buy, 24 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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UPDATE - Needham & Company upgraded Under Armour, Inc. (NYSE: UA) from Hold to Buy. PT $86.

Needham analyst said, "Given management’s history of conservative estimates, the brand’s premium positioning, and improving consumer sentiment we are upgrading UA to buy."

"...We expect UA to solidly exceed this guidance. We are maintaining our 2012 EPS estimate of $2.40, raising our 2013 EPS estimate from $2.90 to $3.00. We expect UA to solidly exceed this guidance. We are maintaining our 2012 EPS estimate of $2.40, raising our 2013 EPS estimate from $2.90 to $3.00..."

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