Canaccord Genuity Reiterates a 'Buy' on Under Armour (UA); Raising PT on Solid Q1

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April 23, 2012 8:54 AM EDT
Get Alerts UA Hot Sheet
Price: $5.15 --0%

Rating Summary:
    14 Buy, 24 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 25
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Canaccord Genuity reiterates a 'Buy' on Under Armour, Inc. (NYSE: UA) price target raised from $106 to $110.

Analykst, Camilo Lyon, said, "UA’s solid Q1 EPS beat of $0.28 vs. our $0.25 estimate and consensus of $0.24 was driven by top line strength across categories in men’s, women’s, and kids as well as better than expected gross margin. All in all, Q1 was a solid, clean quarter for UA. As we previewed, full year guidance was also boosted. With multiple drivers to UA’s top line growth continuing to manifest, we believe raised 2012 guidance still appears conservative."

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 $101.53 yesterday.

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