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Fly News Breaks for March 17, 2015
UA
Mar 17, 2015 | 08:25 EDT
FBR Capital believes Under Armour's footwear, women's, youth and international growth could drive revenue growth of 34%, 30% and 25% in 2015, 2016 and 2017, respectively. In a note to investors this morning, the firm raised its price target for shares to $86 from $83 and said the company’s accelerated revenue growth could drive the stock over $100. FBR sees "solid" brand potential for Under Armour and keeps an Outperform rating on the name. Shares of the apparel maker closed Monday up $1.24 to $77.29.
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