Under Armour price target lowered to $14 from $20 at Wells Fargo

Wells Fargo analyst Kate Fitzsimons lowered the firm’s price target on Under Armour to $14 from $20 and keeps an Overweight rating on the shares. Fitzsimons is encouraged by the appointment of Stephanie Linnartz as president and CEO, particularly by Linnartz’s experience in a founder-led organization and her experience in digital, customer experience, as well as loyalty, all of which appear to be transferable to Under Armour, the analyst tells investors in a research note.