Canaccord Genuity Raises Price Target to $105 Following Under Armour's (UA) 2Q EPS Beat

FBR Capital Raises Price Target on Under Armour (UA) Following 2Q15

July 24, 2015 8:39 AM EDT

FBR Capital reiterated an Outperform rating on Under Armour, Inc. (NYSE: UA), and raised the price target to $105.00 (from $92.00), following 2Q15 results. EPS of $0.07 beat consensus of $0.05.

Analyst Susan Anderson commented, "UA posted 2Q EPS of $0.07 versus FBR/consensus of $0.04/$0.05, supported by solid revenue growth of +29% (+31% constant currency), exceeding our estimates of +28% and consensus... More

Under Armour (UA) PT Raised to $113 at Piper Jaffray

July 24, 2015 7:29 AM EDT

Piper Jaffray analyst Erinn Murphy reiterated an Overweight rating and boosted his price target on Under Armour, Inc. (NYSE: UA) to $113.00 (from $93.00) following strong Q2 results.

Murphy commented, "We remain OW shares of UA and are raising our PT from $93 to $113 following the... More

KeyBanc Upgrades Under Armour, Inc. (UA) to Sector Weight

July 24, 2015 7:02 AM EDT

KeyBanc upgraded Under Armour, Inc. (NYSE: UA) from Underweight to Sector Weight.

Analyst Edward Yruma said, "UA is one of the best growth companies in our coverage, tactical execution continues to improve and we step to the sidelines. Ultimately, our UW rating was... More

Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT Group

July 23, 2015 5:34 PM EDT

Market wrap for July 23rd

End of the Day: S&P 500 down 12.0 to 2,102.15; Dow Jones down 119.1 to 17,731.92; Nasdaq down 25.4 to 5,146.41

Market Brief: Several Dow Jones Industrial Components (AmEx, Dow, and Caterpillar) pressured the index following quarterly results issued last night and this morning. News comes following Apple weighing down the Nasdaq on Wednesday following its C3Q15 report.

U.S. initial jobless claims... More

Under Armour (UA) Enters Several New Strategic Partnerships in Germany

July 23, 2015 5:26 PM EDT

Under Armour (NYSE: UA) announced several new strategic partnerships in Germany and the surrounding region in support of the brand's aggressive global expansion plans.

The new partnerships include Under Armour's multi-year official technical sponsorship of FC St. Pauli, a club with a distinct and progressive identity unlike any in global football. Starting in July 2016, the brand will design and outfit the club's senior team and youth academy teams with match day and training kits. A key element of the partnership will be infusing new product innovations engineered... More

Notable 52-Week Highs and Lows 7/23: (ITEK) (HBAN) (FTNT) High; (URI) (UNP) (CAB) Low

July 23, 2015 3:48 PM EDT

52-Week High:Inotek Pharmaceuticals (Nasdaq: ITEK) $16.75. Inotek Pharmaceuticals ripping higher Thursday after the company announced the Phase 3 development strategy of its lead glaucoma drug, trabodenoson, a first-in-class selective adenosine mimetic designed to restore the eyes natural pressure control mechanism. Based on feedback from a recent End of Phase 2 meeting with the US Food and Drug Administration (FDA), Inotek is in final preparation stages to commence its first Phase 3 trial to support a New Drug Application (NDA) for trabodenoson.

Huntington Bancshares (Nasdaq: HBAN)... More

Under Armour (UA) PT Lifted to $120 at Sterne Agee CRT; Brand is 'On Fire'

July 23, 2015 12:45 PM EDT

Sterne Agee CRT analyst Sam Poser reiterated his Buy rating and boosted his price target on Under Armour, Inc. (NYSE: UA) to $120.00 (from $95.00) following strong Q2 results, saying the brand "is on fire from the corner, on the green, and on the... More

U.S. stocks higher; 3M, Caterpillar weigh on Dow

July 23, 2015 11:34 AM EDT

By Tanya Agrawal

(Reuters) - The Nasdaq composite and the S&P 500 were higher on Thursday after two days of losses, while the Dow Jones industrial average was at a week-low on disappointing results from bellwethers such as 3M (NYSE: MMM) and Caterpillar (NYSE: CAT).

The two stocks, together with American Express (NYSE: AXP), contributed 55 points to the Dow's fall.

Caterpillar shares fell as much as 3.4 percent to a four-year low of $77.03 after the world's largest construction and mining equipment... More

Pre-Open Stock Movers 07/23: (CARA) (SNDK) (CRUS) Higher; (CVA) (URI) (SCSS) Lower (more...)

July 23, 2015 9:30 AM EDT

Inotek Pharmaceuticals Corporation (NASDAQ: ITEK) 51% HIGHER; announced the Phase 3 development strategy of its lead glaucoma drug, trabodenoson, a first-in-class selective adenosine mimetic designed to restore the eyes natural pressure control mechanism. Based on... More

Under Armour (UA) Gains Following Strong Q2 Results, Improved Outlook; Traders Eye NIKE (NKE) Following Results

July 23, 2015 7:24 AM EDT

Under Armour (NYSE: UA) shares are gaining in early trading Thursday morning. The stock is up nearly 2 percent ahead of the opening bell.

Earlier, Under Armour reported Q2 EPS of $0.07 with revenue of $784 million, which compared with consensus estimates calling for EPS of $0.05 and revenue of $762.2 million. The company also said it sees FY15 revenue of $3.84 billion, versus prior guidance of $3.78 billion and the consensus of $3.83... More

Under Armour (UA) Tops Q2 EPS by 2c; Bumps FY15 Revenue Guidance

July 23, 2015 7:04 AM EDT

(Updated - July 23, 2015 8:43 AM EDT with analyst commentary)

Under Armour (NYSE: UA) reported Q2 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $784 million versus the consensus estimate of $762.15 million.

Under Armour sees FY2015 revenue of $3.84 billion, versus prior guidance of $3.78 billion and the consensus of $3.83 billion.

Kevin Plank, Chairman and CEO of Under Armour, Inc., stated, "More than ever before, this year has highlighted that the right investments are key to not only driving near-term results, but building the foundation for the... More

Trading Radar for 7/23: GM (GM), Visa (V), 3M (MMM), Caterpillar (CAT), Comcast (CMCSA), McDonald's (MCD) Report

July 22, 2015 3:01 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 276kContinuing Claims - Street sees 2.213M

Earnings:

3M Co. (NYSE: MMM) - consensus EPS $2.00
A.O. Smith (NYSE: AOS) - consensus EPS $0.66
ABB Ltd. (NYSE: ABB) - consensus EPS $0.26
AMAG Pharma (Nasdaq: AMAG) - consensus EPS $1.13
Adeptus Health (Nasdaq:... More