Needham & Company Reiterates a 'Buy' on Under Armour (UA); Q3 Review: Solid Across the Board

Needham & Company reiterates a 'Buy' on Under Armour, Inc. (NYSE: UA) price target of $102.00.

Needham analyst, Camilo Lyon, said, "UA posts another solid quarter as sales and gross margin impress while the inventory-sales growth spread is showing improvement. We continue to view UA as a unique long-term growth story that has multiple growth avenues coupled with an improving gross margin picture in H2/12...As we expected, initial 2012 top and bottom line guidance was provided (high end of 20-25% growth). Considering the still challenged consumer environment, we view this as a clear indication of the strength of the brand."

For more ratings news on Under Armour, Inc. click here and for the rating history of Under Armour, Inc. click here.

Shares of Under Armour, Inc. closed at $80.15 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Gemini Space Station (GEMI) PT Lowered to $6 at Needham
• Wells Fargo Upgrades Okta, Inc (OKTA) to Overweight
• Celcuity Inc (CELC) PT Raised to $175 at Guggenheim