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Fly News Breaks for July 20, 2018
UAA, UA
Jul 20, 2018 | 07:22 EDT
Wedbush analyst Christopher Svezia raised his price target on Under Armour to $18 from $15 ahead of the company's earnings report on July 26 but maintained a Neutral rating, citing the lack of visibility around a global growth strategy and margin recapture ramp. In a research note to investors, Svezia says that he sees a pathway towards financial improvement and believes the company's FY18 outlook seems "achievable," but contends that brand direction is a "major" stumbling block. Svezia says he, like other investors, has "more questions than answers" and awaits a prospective analyst meeting later this year.