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Fly News Breaks for July 27, 2016
UA
Jul 27, 2016 | 08:40 EDT
Baird said the selloff in Under Armour following in-line Q2 results was unwarranted. The firm noted full year guidance was unchanged and looks conservative and they are encouraged by the company's initiatives to expand the brand's reach across underpenetrated/emerging categories and channels of distribution. Baird said Under Armour's premium valuation remains justified and reiterated its Outperform rating and $55 price target on the shares.
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