Under Armour, Inc. (UAA) PT Raised to $8 at TD Cowen

TD Cowen analyst John Kernan raised the price target on Under Armour, Inc. (NYSE: UAA) to $8.00 (from $7.00) while maintaining a Hold rating.

The analyst commented: "Valuation up 55% from lows on 8/1 with CEO's Kevin Plank's and Eric Liedtke's strategy to be articulated in December at an investor day. As we look at our survey work, the brand's preference with consumers across key demographics is stable. The competitive environment, and weak checks are notable. We are raising our target to $8 given multiples investors are assigning to sector turnarounds."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
• Stripe, Advent In Talks To Buy Paypal - WSJ