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Fly News Breaks for January 23, 2017
UA, UAA
Jan 23, 2017 | 09:18 EDT
Nomura Instinet analyst Simeon Siegel said a challenging Holiday across retail, along with what appears to be a disappointing Curry 3 launch, could weigh on Under Armour, whose premium valuation leaves only a small margin of error. Checks on the Curry 3 over the past few months have been disappointing as the company laps the Curry 2 strength, Siegel tells investors. The analyst keeps a Neutral rating on Under Armour and lowered his price target on the stock to $27 from $31.
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