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Fly News Breaks for February 3, 2020
UAA, UA
Feb 3, 2020 | 16:18 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Under Armour with an Underperform rating and $18 price target. While he contends that Under Armour is not a "broken-brand," he is worried that the company has reached its domestic sales ceiling and that "margin recovery stories for brands growing apparel internationally at wholesale trade at lower multiples than athletic brands."
News For UAA;UA From the Last 2 Days
UA
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.