UPDATE - Canaccord Genuity Initiates Coverage on Under Armour (UA) with a Buy; Solid Visible Growth Path
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Price: $6.47 +1.73%
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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UPDATE - Canaccord Genuity initiates coverage on Under Armour (NYSE: UA) with a Buy rating. PT $75.
Canaccord analyst, Camilo Lyon, said, " In our view, UA’s expanding brand acceptance serves as the underpinning to multiple top-line drivers that we expect will result in annual revenue growth in excess of 22%+ through 2013."
"We view the Charged Cotton opportunity as under-appreciated. UA’s entry into the $8.3B cotton-based active use apparel market should result in a significant incremental revenue stream for which it is getting little value today, we believe."
To see more ratings changes on UA, Click Here
Canaccord analyst, Camilo Lyon, said, " In our view, UA’s expanding brand acceptance serves as the underpinning to multiple top-line drivers that we expect will result in annual revenue growth in excess of 22%+ through 2013."
"We view the Charged Cotton opportunity as under-appreciated. UA’s entry into the $8.3B cotton-based active use apparel market should result in a significant incremental revenue stream for which it is getting little value today, we believe."
To see more ratings changes on UA, Click Here
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