Stifel lowered the firm’s price target on Under Armour to $11 from $14 and keeps a Buy rating on the shares. While noting that fiscal Q2 results topped Stifel’s revenue and EPS estimates, the analyst says the environment will remain challenging through FY24.
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Read More on UAA:
- Under Armour price target raised to $9 from $8 at Barclays
- Under Armour (NYSE:UAA) Gains on Strong Q2 Print
- Under Armour backs FY24 EPS view 47c-51c, consensus 50c
- Under Armour reports Q2 EPS 24c, consensus 21c
- UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2024 RESULTS; UPDATES FISCAL 2024 OUTLOOK
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