Under Armour Updates 2016 Outlook
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Sterne Agee CRT Remains Bullish on Under Armour (UA) Following Updated Guidance
June 1, 2016 8:20 AM EDTSterne Agee CRT maintained a Buy rating and $60.00 price target on Under Armour, Inc. (NYSE: UA) as guidance is lowered to reflect TSA bankruptcy. EBIT guidance was reduced from $503M-$507M to $440M-$445M. However, despite the lowered guidance, UA remains a top pick for long-term growth... More
Jefferies Cuts Price Target on Under Armour (UA) to $42; Reiterates Hold
June 1, 2016 7:37 AM EDTJefferies maintained a Hold rating on Under Armour, Inc. (NYSE: UA), and cut the price target to $42.00 (from $45.00). UA lowered its 2016 sales and op income outlook, given Sports Authority's move to liquidate instead of restructure. 2016 revenue from Sports Authority is now expected to be... More
Under Armour (UA) Guidance Cut on Sports Authority Disappearing - FBR
June 1, 2016 6:45 AM EDTFBR Capital analyst, Susan Anderson, noted that after the market closed, Under Armour, Inc. (NYSE: UA) announced that it is revising its previously issued outlook for 2Q16/2016 due to bankruptcy proceedings of The Sports Authority (TSA). It was not expected that... More
