FBR Capital analyst Susan Anderson raised her price target for Under Armour shares to $118 from $115 after analyzing the brand's international and footwear opportunity. The analyst estimates Under Armour could reach 22% international penetration, or $1.9B in international revenue, versus management's guidance of 18%, and 18% North American footwear penetration by 2018. Under Armour's international trajectory is "remarkably similar" to Nike's (NKE), Anderson tells investors in a research note. She raised her revenue and earnings estimates for the company and keeps an Outperform rating on the name. Under Armour closed yesterday at $83.40.