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Fly News Breaks for April 20, 2017
UA
Apr 20, 2017 | 08:38 EDT
Canaccord analyst Camilo Lyon said he remains cautious on Under Armour heading into Q1 results, as the company will need more time to diversify its channel distribution mix and change its overexposure to apparel. The analyst said its brand and long-term growth prospects remain, but it will take time to yield results with its changes. Lyon maintained his Hold rating and $20 price target on Under Armour shares.
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