Under Armour, Inc. (UAA) PT Slashed to $9 at Bernstein
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Price: $5.91 -2.48%
Rating Summary:
8 Buy, 32 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
8 Buy, 32 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Bernstein analyst Jamie Merriman lowered its price target on Under Armour, Inc. (NYSE: UAA) to $9.00 (from $14.00) while maintaining a Underperform rating.
Merriman said despite the sell-off shares are still expensive with low visibility. The firm lowered their adjusted EPS estimates to $0.19 and $0.22 in 2017 and 2018, respectively, both down 47% versus our previous expectations.
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Sanford C. Bernstein, Merriman Curhan FordSign up for StreetInsider Free!
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