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Fly News Breaks for November 25, 2019
UAA, UA
Nov 25, 2019 | 08:15 EDT
Jefferies analyst Randal Konik said his recent meetings with Under Armour CEO Kevin Plank and incoming CEO Patrik Frisk left him confident that the company is well positioned for long-term growth and margin expansion and "ready to play offense again!" The company is becoming a better-run enterprise, with "clean" inventories, a shortened go-to-market process and enhanced design capabilities while its product roadmap looks "compelling," Konik tells investors. He has a Buy rating and $22 price target on Under Armour shares.