Information Provided By:
Fly News Breaks for July 21, 2016
UA
Jul 21, 2016 | 07:52 EDT
Canaccord said they are buyers of Under Armour heading into Q2 results, as they believe its two most challenging quarters are behind it. The firm believes the quarter will mark a turn in investor sentiment as the company delivers solid earnings growth while keeping margins in line and working down its inventory position. Canaccord reiterated its Buy rating and $65 price target on Under Armour shares.