Under Armour And Stephen Curry Extend Landmark Partnership Through 2024
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Canaccord Genuity Reiterates Buy on Under Armour (UA) Following Investor Day
September 17, 2015 9:15 AM EDTCanaccord Genuity reiterated a Buy rating and $105.00 price target on Under Armour, Inc. (NYSE: UA) following the company's investor day. UA released 2018 targets that call for $7.5B in revenue and $800M in EBIT. It also puts UA within striking distance of $10B in 2019.
Analyst Camilo Lyon commented, "It is well... More
Cowen Raises Price Target on Under Armour (UA) to $120 Following Investor Day
September 17, 2015 8:44 AM EDTCowen reiterated an Outperform rating on Under Armour, Inc. (NYSE: UA), and raised the price target to $120.00 (from $112.00), following the company's investor day. Management initiated FY18 revenue and operating income targets of $7.5B and $800MM respectively.
Analyst John Kernan commented, "UA issued revenue... More
Sterne Agee CRT Reiterates Buy on Under Armour (UA) Following Investor Day
September 17, 2015 8:13 AM EDTSterne Agee CRT reiterated a Buy rating and $120.00 price target on Under Armour, Inc. (NYSE: UA) following the company's investor day. Management laid out the company's top- and bottom-line growth plans. Revenue CAGR of 25% is broad based, with the strongest growth coming from the... More
Piper Jaffray Remains Bullish on Under Armour (UA) Following Analyst Day
September 17, 2015 6:46 AM EDTPiper Jaffray maintained an Overweight rating and $1133.00 price target on Under Armour, Inc. (NYSE: UA) following the company's analyst day. UA set its 2018 targets of $7.5B in sales and $800M in operating income.
Analyst Erinn Murphy commented, "We reiterate our OW rating on UA following the company's well-attended... More
Under Armour (UA), Stephen Curry Announce Extension of Partnership Through 2024
September 16, 2015 4:55 PM EDTStephen Curry made a surprise appearance at Under Armour's (NYSE: UA) Global Headquarters in Baltimore today to join Founder and CEO Kevin Plank in announcing the extension of his partnership with the brand through 2024. In 2015, Curry established himself as one of the game's best players, capturing the league MVP award and leading the Golden State Warriors to their first championship in 40 years.
"Stephen is a once-in-a-generation talent and has unprecedented influence on the game of basketball," said Adam Peake, EVP, Global Marketing. "His work ethic, uncompromising self-belief, and commitment to the community are... More
Under Armour (UA) Targets 2018 Revenue of $7.5B
September 16, 2015 4:34 PM EDTUnder Armour, Inc. (NYSE: UA) today unveiled the next chapter of its long-term growth story at its biennial Investor Day meeting, highlighted by a 2018 net revenues target of $7.5 billion, representing a 25% compounded annual growth rate from $3.1 billion in net revenues in 2014.
Kevin Plank, Chairman and Chief Executive Officer, stated, "For nearly 20 years, the Under Armour brand has been built on the promise to make all athletes better. Leveraging our foundation in innovation and enhancing the connectivity of our brand with consumers through Connected Fitness, we are better positioned than ever before to... More
