Under Armour, Inc. (UAA) Mentioned Positively at UBS Ahead of Earnings

UBS analyst Jay Sole reiterated a Buy rating and $12.00 price target on Under Armour, Inc. (NYSE: UAA)

The analyst comments "We believe UAA’s 3Q24 fundamentals were likely in line with expectations. The key is a relatively solid US Holiday season was likely better than the market thinks and should help offset weakness in Europe and China. An in-line Q3 should allow UAA to maintain its FY24 EPS guidance, in our view. We think this will boost sentiment given the market probably expects UAA to lower its FY24 EPS outlook slightly. Therefore, we believe the upside/ downside skew slightly leans to the upside. The options market is pricing in a +/- 9.9% jump over earnings vs. a 9.9% historical avg. move. We agree with the options market's view."

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 $7.75 yesterday.

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