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Fly News Breaks for July 19, 2019
UA, UAA
Jul 19, 2019 | 09:18 EDT
Stifel analyst Jim Duffy said Under Armour has shown evidence of capacity for margin improvement in early 2019 and he expect this, paired with building evidence of revenue accelerating growth potential into 2020, make the company's Q2 earnings report and Q3 guidance a "bear trap." The analyst, who predicts a short squeeze and a number of sell-side upgrades following the company's Q2 report, keeps a Buy rating and $30 price target on Under Armour shares.
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