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Fly News Breaks for July 27, 2016
UA
Jul 27, 2016 | 07:42 EDT
After Under Armour reported largely in-line results and reiterated its full-year guidance but the stock fell, SunTrust calls the guidance "prudently cautious." The firm says that although the company is facing a negative mix shift to lower margin footwear and headwinds from The Sport Authority liquidation, its footwear margins are improving and it has several other long-term catalysts, including international expansion and fitness potential. It recommends buying the shares on weakness. The firm keeps a $55 price target and Buy rating on the shares.
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