Under Armour price target lowered to $11 from $12 at Barclays

Barclays lowered the firm’s price target on Under Armour (UA) (UAA) to $11 from $12 and keeps an Equal Weight rating on the shares following the investor day. Management outlined its near- and long-term strategic initiatives to return to growth and capture market share, the analyst tells investors in a research note. The firm calls Under Armour an “underdog story.”