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Fly News Breaks for April 17, 2015
UA
Apr 17, 2015 | 07:34 EDT
Piper Jaffray analyst Erinn Murphy says shore checks show Under Armour's golf business is seeing accelerating momentum since Jordan Spieth's Masters win last weekend. Murphy believes golf sales for Under Armour can double and reach more than $400M in the next few years. She raised her price target for shares to $93 from $90 and keeps an Overweight rating on the name ahead of the company's Q1 results on Tuesday. Deutsche Bank this morning also raised its price target for Under Armour shares to $93. The stock closed yesterday up $1.50 to $85.71.
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