UPDATE: Atlantic Equities Upgrades Under Armour, Inc. (UAA) to Neutral

May 5, 2021 5:45 AM EDT
Get Alerts UAA Hot Sheet
Price: $19.80 -1.39%

Rating Summary:
    12 Buy, 21 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 13 | New: 24
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(Updated - May 5, 2021 5:58 AM EDT)

Atlantic Equities analyst Daniela Nedialkova upgraded Under Armour, Inc. (NYSE: UAA) from Underweight to Neutral.

The analyst comments "The last two quarters have shown solid and convincing progress on the operational turnaround of Under Armour. We still see the brand as positioned less favourably than its bigger peers to take advantage of the currently enhanced growth opportunities, and specifically in terms of the current product pipeline / innovation. However, we see enough progress on operational metrics in recent quarters to become more positive on the sustainability of the turnaround. While there is still more clean-up to be done, we now see the company as convincingly on the right track for long-term improvement."

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 $24.50 yesterday.

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