Under Armour price target raised to $8 from $7 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Under Armour to $8 from $7 and keeps a Market Perform rating on the shares. While Q1 performance was “soft,” it exceeded expectations, leading to the FY25 guidance increase, the analyst tells investors. The firm believes the changes in the company’s strategy has good potential down the line, but it is still in the early days of the reset and will likely take several quarters for the revenue trends to inflect.