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UAA

Under Armour

$16.41

-0.08 (-0.49%)

, UA

Under Armour

$15.04

-0.09 (-0.59%)

05:28
09/25/17
09/25
05:28
09/25/17
05:28

Under Armour upgraded to Overweight from Sector Weight at KeyBanc

KeyBanc analyst Edward Yruma upgraded Under Armour (UAA) to Overweight saying the addition of a new chief operating officer along with a renewed focus on improving financial performance point to a near-term inflection for the shares. The company currently trades near a trough enterprise value to sales ratio and at a discount to its major peers, Yruma tells investors in a research note. He believes the Under Armour brand "remains strong." The analyst has a $20 price target for the shares. Under Armour closed Friday down 8c to $16.41. Yruma coupled the upgrade with a downgrade of VF Corp. (VFC) to Sector Weight.

UAA

Under Armour

$16.41

-0.08 (-0.49%)

UA

Under Armour

$15.04

-0.09 (-0.59%)

VFC

VF Corp.

$62.20

0.35 (0.57%)

  • 03

    Oct

  • 04

    Oct

UAA Under Armour
$16.41

-0.08 (-0.49%)

09/19/17
09/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) downgraded to Underperform from Market Perform at Wells Fargo with Wells Fargo with analyst Tom Nikic saying with consumers having filled their closets with athletic wear over the past seven years, the category "appears poised to take a breather for now." The analyst cut his price target for the shares to $13 from $17. 2. Kellogg (K) downgraded to Neutral from Overweight at Piper Jaffray with analyst Michael Lavery saying cereal could be at risk from shrinking center store space. 3. Nike (NKE) downgraded to Neutral from Positive at Susquehanna saying that his checks indicate that the North American and European businesses are decelerating as some key categories, especially basketball, have underperformed, resulting in excess inventory that will pressure sales and margins. 4. Synchronoss (SNCR) downgraded to Underperform from Outperform at Raymond James with analyst Tavis McCourt citing the news that Siris Capital is no longer interested in an all-cash transaction for all the outstanding shares of the company and has withdrawn its $18 per share bid from June 22. Further, the analyst believes it increasingly unlikely that the current strategic review will result in an acquisition at a premium and expects share to come under pressure and stay in the range prior to the Siris indication of interest. 5. Sony (SNE) downgraded to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/17
WELS
09/19/17
DOWNGRADE
Target $13
WELS
Underperform
Under Armour downgraded to Underperform from Market Perform at Wells Fargo
Wells Fargo analyst Tom Nikic downgraded Under Armour (UAA) to Underperform and cut his price target for the shares to $13 from $17. With consumers having filled their closets with athletic wear over the past seven years, the category "appears poised to take a breather for now," Nikic tells investors in a research note. The analyst believes the trend change away from performance has left Under Armour "offsides" from a fashion perspective. Further, he notes that unlike Nike (NKE), Under Armour still generates most of its revenue in North America, where the athletic space is seeing much more pressure. The stock's valuation "still appears quite lofty," Nikic argues. The analyst lowered his estimates for Nike, Under Armour, lululemon (LULU) and Finish Line (FINL), but downgraded only Under Armour.
09/13/17
BARD
09/13/17
NO CHANGE
Target $25
BARD
Outperform
Under Armour near-term estimates have been appropriately set, says Baird
Baird analyst Jonathan Kemp said he remains comfortable that near-term estimates for Under Armour have been appropriately set, although skepticism about Q4 will likely remain in the short-term. He remains optimistic that structural changes to the business model can yield improving results into 2018 and beyond. Kemp reiterated his Outperform rating based on a 6-12 month view and maintained his $25 price target on Under Armour shares.
09/12/17
BERN
09/12/17
INITIATION
Target $14
BERN
Underperform
Under Armour initiated with an Underperform at Bernstein
Bernstein analyst Jamie Merriman started Under Armour with an Underperform rating and $14 price target as he believes it is now in "growth purgatory." While growth will remain in the high single digits-low double digits, the analyst does not believe recovering back to over 20% will occur on a sustainable basis.
UA Under Armour
$15.04

-0.09 (-0.59%)

09/12/17
09/12/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DowDuPont (DWDP) initiated with an Outperform at Macquarie. 2. Bunge (BG) initiated with a Neutral at Baird. 3. Rite Aid (RAD) initiated with a Hold at Loop Capital. 4. Nike (NKE) was initiated with an Outperform at Bernstein, while Under Armour (UA) was initiated with an Underperform. 5. Houlihan Lokey (HLI) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
VFC VF Corp.
$62.20

0.35 (0.57%)

09/12/17
BERN
09/12/17
INITIATION
Target $67
BERN
Market Perform
VF Corp. initiated with a Market Perform at Bernstein
Bernstein analyst Jamie Merriman started VF Corp. with a Market Perform rating and $67 price target.
08/14/17
08/14/17
UPGRADE
Target $73

Buy
VF Corp. upgraded to Buy on acquistion at Canaccord
As previously reported, Canaccord upgraded VF Corp. to Buy from Hold and raised its price target to $73 from $58. Analyst Camila Lyon said VFC's acquisition of Williamson-Dickie is more than just accretive as it doubles VFC's workwear business to $1.7B, allows the company to leverage Williamson-Dickie's international and DTC presence to grow VFC's pre-exising workwear brands, and will derive supply chain and manufacturing synergies while also leveraging its tax advantaged structure.
08/14/17
ADAM
08/14/17
UPGRADE
ADAM
Buy
VF Corp. upgraded to Buy from Hold at Canaccord
07/28/17
SUSQ
07/28/17
UPGRADE
SUSQ
Positive
VF Corp. upgraded to Positive from Neutral at Susquehanna

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GIB

CGI Group

$53.62

0.04 (0.07%)

, RIO

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$47.99

-0.031 (-0.06%)

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$53.62

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RIO

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$47.99

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UAL

United Continental

$61.39

-6.5961 (-9.70%)

14:00
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General news
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MET

MetLife

$52.90

0.095 (0.18%)

13:55
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KOS

Kosmos

$7.47

-0.035 (-0.47%)

13:50
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Call buying in Kosmos Energy »

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GE

General Electric

$23.60

0.48 (2.08%)

, BHGE

Baker Hughes

$33.10

-0.705 (-2.09%)

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GE

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$23.60

0.48 (2.08%)

BHGE

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$33.10

-0.705 (-2.09%)

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ALLY

Ally Financial

$24.49

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TGT

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  • 15

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UAL

United Continental

$60.70

-7.29 (-10.72%)

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DAL

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SBH

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, AMZN

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NSC

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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OMC

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TSLA

Tesla

$359.65

3.9 (1.10%)

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CVX

Chevron

$118.47

0.32 (0.27%)

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