UPDATE: BMO Capital Upgrades Under Armour, Inc. (UAA) to Outperform

January 18, 2022 4:01 AM EST
Get Alerts UAA Hot Sheet
Price: $10.00 +2.56%

Rating Summary:
    17 Buy, 21 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 14 | Down: 21 | New: 12
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(Updated - January 18, 2022 4:51 AM EST)

BMO Capital analyst Simeon Siegel upgraded Under Armour, Inc. (NYSE: UAA) from Market Perform to Outperform with a price target of $25.00 (from $23.00).

The analyst comments "We upgrade UAA to Outperform, believing the recent sell-off discounts UAA’s pandemic transformation by re-focusing on profits over growth for growth's sake, a topic we've discussed at length. With recent industry updates and increasingly challenging compares weighing on the sector, we believe UAA represents a healthy brand thrown out with the industry bath water. Although we do not expect to call the bottom of the market’s sell-off, with UAA -30% since ~mid-November (XRT -18%), we see current risk/reward as particularly compelling and raise our target price to $25; buy shares."

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 $18.86 yesterday.

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