Telsey Advisory lowered the firm’s price target on Under Armour (UAA) to $7 from $10 and keeps a Market Perform rating on the shares. The firm is encouraged by the better profitability in recent quarters, driving increases in FY25’s EPS outlook, the analyst tells investors. The firm, however, does not yet have line of sight as to when revenues can inflect positively. To get more constructive on the stock, Telsey would like to know more specific information on product and distribution plans as well as the financial path for the next few years.
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