Jefferies Cuts Price Target on Under Armour (UA) to $42; Reiterates Hold

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Under Armour Updates 2016 Outlook

May 31, 2016 4:15 PM EDT

BALTIMORE, May 31, 2016 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UA.C) today announced that it is revising its previously issued outlook for the full year and second quarter of 2016 following recent developments related to the bankruptcy proceedings of The Sports Authority. 

During the first quarter of 2016, the Company became aware of the potential restructuring of The Sports Authority. As previously stated, at... More