Jefferies Reiterates Buy on Under Armour (UA) Into Q2 Print
Get Alerts UA Hot Sheet
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Comerica (CMA) PT Raised to $54 at Piper Sandler
- Intuitive Surgical (ISRG) PT Raised to $375 at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!