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Fly News Breaks for February 5, 2019
UA, UAA
Feb 5, 2019 | 08:48 EDT
B. Riley FBR analyst Susan Anderson reiterates a Sell rating on Under Armour with a $12 price target following the stock's post-holiday run of 16%. The analyst believes the company's "lofty" five -year outlook is already more than priced into the stock based on her valuation analysis. Applying a 16 times multiple to 2023 estimated earnings and discounting back three years arrives at a fiscal 2020 price target of $12.81, or 38% below current levels, Anderson tells investors in a research note.