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Fly News Breaks for March 25, 2015
UA
Mar 25, 2015 | 07:29 EDT
After meeting with management, Jefferies says it remains "very optimistic" on the long-term prospects for the Under Armour brand. The firm, however, believes a "very stretched" valuation, high expectations and few near-term catalysts will limit upside in the stock. It wants to see sizable pullbacks in shares before getting involved and keeps a Hold rating on Under Armour with a $73 price target.
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