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Fly News Breaks for June 7, 2018
UAA
Jun 7, 2018 | 07:38 EDT
KeyBanc analyst Edward Yruma raised his price target for Under Armour to $30 from $22 as he believes a re-engineered product calendar and greater focus on consumer insights should help reignite top-line growth and drive better margins. The analyst sees a long-term opportunity for 8% plus EBIT margins and believes the stock has some of the strongest return opportunities in his coverage. Yruma reiterates an Overweight rating on the shares.