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Fly News Breaks for February 11, 2020
UA, UAA
Feb 11, 2020 | 15:47 EDT
Pivotal Research analyst Mitch Kummetz lowered his price target on Under Armour shares to $17 from $21 and keeps a Hold rating on the stock after the company reported a Q4 sales miss and gave FY20 sales and earnings guidance that was "well below" expectations. While the company highlighted coronavirus in its guidance, "the bigger issue appears to be North America," where Under Armour expects sales to be down by a mid-to-high single-digit percentage this year, Kummetz tells investors.
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