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Fly News Breaks for June 15, 2017
UA, UAA
Jun 15, 2017 | 08:39 EDT
Susquehanna analyst Sam Poser told investors to sell Under Armour due to poor product segmentation in the moderate channel, which he sees pressuring its top line and margins. The analyst said sports retailers are planning the Under Armour business down because of the poor product segmentation and he said the top line may be pressured even if the Curry 4 sneaker lives up to expectations. Poser maintained his Negative rating and $14 price target on Under Armour shares.
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