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Fly News Breaks for April 27, 2017
UA, UAA
Apr 27, 2017 | 08:02 EDT
In a post-earnings research note titled "On the Way Back Up," Jefferies analyst Randal Konik says the Under Armour brand is "here to stay." In Q1, the company's top-line met expectations, margins were better than feared and inventories were well-controlled, the analyst contends. He keeps a Buy rating on the shares with a $27 price target. The stock in premarket trading is up $1.68 to $21.39.