Under Armour, Inc. (UAA) PT Slashed to $9 at Bernstein
Bernstein analyst Jamie Merriman lowered its price target on Under Armour, Inc. (NYSE: UAA) to $9.00 (from $14.00) while maintaining a Underperform rating.
Merriman said despite the sell-off shares are still expensive with low visibility. The firm lowered their adjusted EPS estimates to $0.19 and $0.22 in 2017 and 2018, respectively, both down 47% versus our previous expectations.