Jefferies Remains on the Sidelines with Under Armour (UA) on Full Valuation

Jefferies analyst Randal Konik reiterated a Hold rating and $73 price target on Under Armour, Inc. (NYSE: UA) Wednesday, saying valuation is full.

Konik commented, "Following investor meetings with UA management in Chicago, we reiterate our optimistic stance on the long term trajectory of this company. A number of compelling growth drivers are in play here fueling long-term success, in our view, including market share gains from a solid and growing apparel business and newer growth drivers including footwear, international, connected fitness and women's. Full valuation today keeps us on the sidelines."

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 $81.50 yesterday.

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