Under Armour price target lowered to $7 from $8 at Citi

Citi analyst Paul Lejuez lowered the firm’s price target on Under Armour (UAA) to $7 from $8 and keeps a Neutral rating on the shares. The analyst anticipates a slight earnings beat when Under Armour reports fiscal Q4 results on May 15, though the firm is below consensus on sales. Even though Under Armour is among the most crowded shorts in the group, and weak fiscal 2025 guidance is largely priced into the shares, the stock’s risk/reward is balanced to slightly negative into the Q4 report given the uncertainty tied to Kevin Plank coming back to the business, the analyst tells investors in a research note.