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UAA

Under Armour

$12.01

0.04 (0.33%)

, UA

Under Armour

$10.99

0.16 (1.48%)

05:31
11/10/17
11/10
05:31
11/10/17
05:31

Under Armour price target lowered to $9 from $13 at Nomura Instinet

Nomura Instinet analyst Simeon Siegel cut his price target for Under Armour (UAA) to $9 and keeps a Reduce rating on the shares. With the recent sales decline, Under Armour is no longer a growth company, and yet it has maintained, and actually expanded, its multiple, Siegel tells investors in a research note. The latest quarterly filing indicates sales at Dick's Sporting Goods (DKS), Under Armour's top U.S. partner, declined 13% at best, Siegel contends. He believes that "North America declines appear hard to escape" and remains concerned over a further re-rating downward in the shares.

UAA

Under Armour

$12.01

0.04 (0.33%)

UA

Under Armour

$10.99

0.16 (1.48%)

DKS

Dick's Sporting

$26.49

1.36 (5.41%)

UAA Under Armour
$12.01

0.04 (0.33%)

11/07/17
11/07/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Under Armour (UAA, UA) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying his downside thesis has played out. He now believes the downside is limited and the bar may have been set low enough to hit the reset button, although business will be challenging for some time. Poser lowered his price target to $11 from $15 on Under Armour shares. 2. Michael Kors (KORS) upgraded to Neutral from Sell at MKM Partners with analyst Roxanne Meyer saying the latest second quarter earnings show that the company has delivered on its strategies, reporting better first-half comps and improved gross margins. 3. AutoWeb (AUTO) upgraded to Outperform from Market Perform at Barrington with analyst Gary Prestopino saying he believes management has stabilized the business after its third quarter results were in-line and guidance for 2017 was maintained. 4. Las Vegas Sands (LVS) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Thomas Allen saying he now expects Macau gaming revenue to grow at a 10% compound annual growth rate through 2022 given China's transition to a high income economy, continued development and improving infrastructure. 5. Booz Allen (BAH) upgraded to Buy from Hold at Jefferies with analyst Sheila Kahyaoglu saying she views the post-earnings pullback in the shares as a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/07/17
SUSQ
11/07/17
UPGRADE
Target $11
SUSQ
Neutral
Under Armour upgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Sam Poser upgraded Under Armour to Neutral form Negative as his downside thesis has played out. He now believes the downside is limited and the bar may have been set low enough to hit the reset button, although business will be challenging for some time. Poser lowered his price target to $11 from $15 on Under Armour shares.
11/07/17
SUSQ
11/07/17
UPGRADE
SUSQ
Neutral
Under Armour upgraded to Neutral from Negative at Susquehanna
11/01/17
11/01/17
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. General Motors (GM) downgraded to Neutral from Buy at Nomura Instinet with analyst Anindya Das citing "limited scope" for raising his estimates much higher given the competitive landscape in the North American market. 2. Under Armour (UAA, UA) was downgraded to Hold from Buy at SunTrust and to Sell from Hold at Canaccord. 3. Alaska Air (ALK) and JetBlue (JBLU) were downgraded to Neutral from Overweight at JPMorgan, while United Continental (UAL) and Spirit Airlines (SAVE) were downgraded to Underweight from Neutral. 4. Check Point (CHKP) was downgraded to Equal Weight from Overweight at Stephens, to Neutral from Buy at BTIG, and to Market Perform from Outperform at Cowen. 5. Goodyear Tire (GT) downgraded to Neutral from Buy at Guggenheim with analyst Emmanuel Rosner saying he sees additional downside at current levels due to concerns "deep share losses and margin erosion" could continue given the increasingly competitive tire market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
UA Under Armour
$10.99

0.16 (1.48%)

11/01/17
RHCO
11/01/17
DOWNGRADE
Target $14
RHCO
Hold
Under Armour downgraded to Hold from Buy at SunTrust
SunTrust analyst Pamela Quintiliano downgraded Under Armour to Hold from Buy and cut her price target to $14 from $25 after Q3 results. Quintiliano says the inventory turn has been pushed back by at least several quarters amid a challenging domestic wholesale market with strong negative external headwinds that include a slowdown in the athletic category and a shift in trends toward lifestyle. The analyst also lists worsening traffic and lower demand as disappointments in the latest earnings report.
DKS Dick's Sporting
$26.49

1.36 (5.41%)

11/06/17
OTRG
11/06/17
DOWNGRADE
OTRG
Negative
Dick's Sporting downgraded to Negative from Mixed at OTR Global
11/01/17
11/01/17
DOWNGRADE

Underperform
Follow-up: Dick's Sporting downgraded to Underperform at Wolfe Research
As previously reported, Wolfe Research downgraded Dick's Sporting Goods to Underperform from Peer Perform with a $20 price target. The firm's analyst said the sporting goods sector continues to contract, has become more promotional, and Dick's is entering a phase of accelerating deleverage as store comps turn negative. Further, the analyst sees downside risk to consensus estimates and does not view valuation as a support.
11/01/17
WOLF
11/01/17
DOWNGRADE
WOLF
Underperform
Dick's Sporting downgraded to Underperform from Peer Perform at Wolfe Research
10/27/17
SUSQ
10/27/17
NO CHANGE
SUSQ
Release of Under Armour's Curry 4 adult shoe delayed, says Susquehanna
Susquehanna analyst Sam Poser says the adult version of Under Armour's (UAA) Curry 4, which was scheduled for release today, will now be available on November 18. Online checks show Under Armour, Foot Locker (FL), Dick's Sporting Goods (DKS) and Hibbett Sports (HIBB) are selling the Curry 4 kid's shoe, but only offering pre-orders for the adult shoe, Poser tells investors in a research note. He attributes the delay to issues relating to Under Armour's SAP implementation and some last minute design changes. Retailers the analyst spoke to are unhappy with the delay concerned demand will now wane.

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