Fly News Breaks for February 3, 2020
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."
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