Telsey Advisory lowered the firm’s price target on Under Armour to $8 from $9 and keeps a Market Perform rating on the shares. The firm believes the upcoming Q4 call is “critical” in determining the near-term sentiment for the company, the analyst tells investors. Telsey believes Under Armour needs more merchandising newness, full price stores, better presentation at wholesale, and more effective marketing given the softer consumer backdrop.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- Under Armour Class A put volume heavy and directionally bearish
- Under Armour price target lowered to $7 from $8 at Citi
- Down 32%, Is Lululemon Stock (NASDAQ:LULU) a Buy Now?
- Nike nearing endorsement deal with Caitlin Clark, The Athletic reports
- Under Armour Class A call volume above normal and directionally bullish