BofA analyst Lorraine Hutchinson lowered the firm’s price target on Under Armour to $8 from $9 and keeps a Neutral rating on the shares after initial FY25 guidance came in well below expectations. The stock’s discounted valuation fairly reflects the clouded visibility toward normalized earnings, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UAA:
- UAA Earnings: Under Armour Nosedives After Outlook Disappoints
- UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2024 RESULTS; PROVIDES INITIAL FISCAL 2025 OUTLOOK
- Options Volatility and Implied Earnings Moves Today, May 16, 2024
- Notable companies reporting before tomorrow’s open
- UAA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Questions or Comments about the article? Write to editor@tipranks.com