Barclays raised the firm’s price target on Under Armour (UA) (UAA) to $12 from $8 and keeps an Equal Weight rating on the shares. The company reported a fiscal Q2 earnings beat driven by better spending and gross margin due to an expense timing shift into Q3 and lower product costs, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- Under Armour (UAA) Engineers a Turnaround, But Profits Continue to Decline
- Under Armour price target raised to $10 from $8 at Telsey Advisory
- Under Armour price target raised to $10 from $8 at TD Cowen
- Under Armour price target raised to $16 from $12 at UBS
- Under Armour price target raised to $11 from $8 at Truist