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Fly News Breaks for December 6, 2018
UAA, UA
Dec 6, 2018 | 06:11 EDT
Piper Jaffray analyst Erinn Murphy remains positive on Under Armour (UAA) and sees the shares "working" following the company's analyst day on December 12. She expects management to detail a five-year plan with an improved operational/return on investment focus in addition to 2019 guidance. Murphy continues to see "significant" margin expansion in the coming years for Under Armour and keeps an Overweight rating on the shares with a $32 price target. Further, the analyst believes the company's promotional stance has been "well controlled" in Q4.
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