Jefferies Reiterates Buy on Under Armour (UA) Into Q2 Print

Jefferies analyst Randal Konik reiterated a Buy rating and $65 price target on Under Armour, Inc. (NYSE: UA) ahead of Q2 results on Thursday, July 24th.

Konik comments, "UA reports 2Q results on Thursday pre-market open and we anticipate continued strong topline growth and an optimistic outlook for the rest of the year. This is a play on strong secular athletic trends and we see superior opportunity LT across multiple categories including men's, women's, youth and footwear. Though rich, we believe valuation remains compelling given UA's superior growth potential. This remains a top pick; reiterate Buy and $65 PT."

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 $58.96 yesterday.

You May Also Be Interested In

• Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
• Needham Reiterates Buy Rating on Amazon.com (AMZN), Raises Estimates
• Marsh & McLennan (MMC) PT Raised to $221 at Evercore ISI