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Fly News Breaks for January 6, 2020
UAA, UA
Jan 6, 2020 | 08:43 EDT
JPMorgan analyst Matthew Boss reinstated coverage of Under Armour following a period of restriction with a Neutral rating and $23 price target. Prior to going restricted the analyst had an Overweight rating on the shares with a $28 price target. The analyst lowered his fiscal 2020 revenue estimates below consensus with his work suggesting North America comps are negative. Further, the analyst's checks indicate heightened promotional activity year-over-year at Under Armour's direct-to-consumer offerings.
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