Under Armour, Inc. (UAA) PT Raised to $18 at Stifel

Stifel raised its price target on Under Armour, Inc. (NYSE: UAA) to $18.00 (from $17.00) while maintaining a Buy rating noting 4Q results were mixed with encouraging attention to expenses paired with lingering inventory issues.

"Despite ongoing inventory imbalances, we continue to see it rational to expect more healthy inventory levels and margin inflection in 2H." analyst Jim Duffy said. "Ongoing International strength provides air-cover for a deliberate approach in North America. With this, we see potential for 2020 revenue of $6bn plus with 10% EBITDA margin."

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