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Fly News Breaks for October 25, 2016
UA
Oct 25, 2016 | 09:02 EDT
Piper Jaffray analyst Erinn Murphy says she would be a buyer of Under Armour following the company's better than expected Q3 results. Murphy notes that while gross margins were down 130 basis points versus her estimate for down 30 basis points, the inventory into Q4 is "clean." The analyst maintains an Overweight rating on Under Armour with a $44 price target.
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