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Fly News Breaks for November 30, 2015
UA
Nov 30, 2015 | 06:47 EDT
Piper Jaffray analyst Erinn Murphy lowered her estimates for Under Armour saying the company remains one of the more promotional brands across the athletic landscape. During the Thanksgiving Weekend, the brand remained promotional, Murphy tells investors in a research note. She cut her price target for Under Armour shares to $88 from $97 and keeps a Neutral rating on the name. The stock closed Friday down $2.42 to $89.68.
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