Jefferies Cautious on Under Armour (UA) Into Q1 Results
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Price: $6.05 +2.72%
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 25
Rating Summary:
14 Buy, 24 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 25
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Jefferies raised its price target on Under Armour, Inc. (NYSE: UA) from $70 to $82 but kept its Hold rating ahead of Q1 results on Friday. The firm is cautious into the report.
The firm comments, "We see modest downside risk ahead of 1Q12 (Fri AM). Expectations are high with the stock up 30% since reporting 4Q, entirely on multiple expansion. That said, the market is looking past risks like high inventory and reduced sales visibility. Barring a broader market pullback, we expect overly positive sentiment to keep the stock in the $90's. We remain on the sidelines given full valuation and sub-optimal top-line visibility."
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 $96.39 yesterday.
The firm comments, "We see modest downside risk ahead of 1Q12 (Fri AM). Expectations are high with the stock up 30% since reporting 4Q, entirely on multiple expansion. That said, the market is looking past risks like high inventory and reduced sales visibility. Barring a broader market pullback, we expect overly positive sentiment to keep the stock in the $90's. We remain on the sidelines given full valuation and sub-optimal top-line visibility."
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 $96.39 yesterday.
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