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Fly News Breaks for June 20, 2016
UA
Jun 20, 2016 | 07:27 EDT
Buckingham upgraded Under Armour to Buy and raised its price target to $48 from $44. The firm's analyst views risk/reward as favorable and expects pricing will stabilize in Q4, driving margin improvement and setting up Under Armour for 2017 earnings upside when it also begins to materially expand distribution. Buckingham views Under Armour as the best growth story in consumer and valuation as a compelling buying opportunity.
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