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Fly News Breaks for August 1, 2017
UA, UAA
Aug 1, 2017 | 09:15 EDT
Jefferies analyst Randal Konik sees "many positives" in this morning's earnings report from Under Armour. The sequential growth acceleration in direct-to-consumer sales "proves to the naysayers that this brand is very strong," Konik tells investors in a "First Blush" post-earnings note. He believes the "bad waves of news are starting to moderate" and recommends buying the shares. Konik has a Buy rating on Under Armour with a $28 price target.
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