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Fly News Breaks for April 8, 2015
UA
Apr 8, 2015 | 07:35 EDT
FBR Capital believes international penetration and domestic strength can lead to Under Armour posting at least high-20% revenue growth for the next several years, with potential upside to low-30%. It estimates potential Under Armour revenue of $8.9B in 2018 and raised its price target for shares to $92 from $90. FBR expects the company to continue earning its status as the next global athletic apparel and footwear brand. The firm keeps an Outperform rating on the stock.
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