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Fly News Breaks for February 13, 2018
UA, UAA
Feb 13, 2018 | 10:44 EDT
Jefferies analyst Randal Konik says this morning's sales beat and strength in direct-to-consumer as well as international prove the brand is "strong globally." Wholesale was muted but not unexpected given the environment, Konik tells investors in a post-earnings research note. The analyst believes this quarter will mark a trough in the earnings revision cycle. He sees better sales, margins, and earnings in the coming quarters and recommends buying the stock. Konik keeps a Buy rating on Under Armour with a $24 price target.
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