Under Armour price target lowered to $15 from $16 at UBS

UBS lowered the firm’s price target on Under Armour to $15 from $16 and keeps a Buy rating on the shares. The firm has become "increasingly bearish" on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, the firm noted.