Under Armour (UA) Appoints Eric Liedtke as EVP of Brand Strategy
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Williams Trading Upgrades Under Armour, Inc. (UAA) to Buy
August 8, 2024 12:06 PM EDTWilliams Trading analyst Sam Poser upgraded Under Armour, Inc. (NYSE: UAA) from Hold to Buy with a price target of $10.00.
The analyst comments "Upgrading UAA from Hold to Buy, raising estimates, and raising PT from $6 to $10. The 1Q24 beat, a more patient Kevin Plank than history would have led us to believe was possible, the hiring 26-year Adidas (ADS/BER-NR) veteran, Eric Liedtke as EVP of brand strategy, the plan to reduce sku count by 25%, and the plan reduce promotional activity and elevate the Under Armour brand in a measured manner are all... More
Under Armour stock soars 17% as earnings beat expectations
August 8, 2024 9:56 AM EDTUnder Armour (NYSE: UA) (NYSE: UAA) saw its stock surge 17.2% after the athletic apparel maker reported better-than-expected first-quarter fiscal 2025 results and raised part of its full-year outlook, signaling progress in its restructuring efforts.
The company posted adjusted earnings per share of $0.01, beating analyst estimates of a $0.08 loss. Revenue came in at $1.2 billion, surpassing the consensus forecast... More
