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Fly News Breaks for October 25, 2016
UA
Oct 25, 2016 | 09:20 EDT
Piper Jaffray analyst Erinn Murphy views today's post-earnings selloff in shares of Under Armour as overdone. The stock is down 15% to $32.30 in pre-market trading. Operating income is now planned to growth mid-teens for FY17 and FY18, which is "clearly below expectations," Murphy tells investors in a research note. The analyst, however, recommends buying Under Armour on the pullback. She has an Overweight rating on the shares with a $44 price target.
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