Under Armour price target raised to $10 from $8 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Under Armour (UAA) to $10 from $8 and keeps a Neutral rating on the shares. The firm said while they topped low-FQ2 expectations and is focused on pursuing higher-margin revenue, fundamentals remained pressured and drivers of the FQ2 beat look unsustainable in 2H.