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Fly News Breaks for February 12, 2020
UAA
Feb 12, 2020 | 09:01 EDT
Raymond James analyst Matthew McClintock lowered his price target for Under Armour to $25 from $30 but keeps a Strong Buy rating, saying that while he was disappointed in Q4 results, and more specifically in the guidance provided for FY20, he does believe that significant progress has been made at Under Armour over the last 2-3 years. The analyst acknowledges that turnarounds of this magnitude take time and can have fits and starts.
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