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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 08:45 EDT
Jefferies analyst Randal Konik said his analysis of web data showed that Under Armour's (UAA) percentage of product on discount was down each month in Q4 and that momentum continued into Q1. He also noted that traffic to Under Armour's and Nike's (NKE) stores were up strongly last quarter and that discounting was down at both Foot Locker (FL) and Finish Line (FINL) in the Running category last month. Konik, who thinks all of these findings illustrate that "the overall athletic footwear category remains healthy," has Buy ratings on Under Armour and Foot Locker and a Hold rating on Nike.
News For UAA;UA;NKE;FL;FINL From the Last 2 Days
May 28, 2020 | 08:03 EDT
Under Armour reopened its first U.S. stores to customers on May 15, and opened additional stores last week. By this Friday, Under Armour will have reopened nearly 50% of its North America stores, under health and safety protocols.
May 26, 2020 | 07:43 EDT
Deutsche Bank analyst Paul Trussell raised the firm's price target on Foot Locker to $32 from $27 and keeps a Hold rating on the shares following the company's Q1 results. The company had positives and negatives, Trussell tells investors in a research note.