tiprankstipranks
Under Armour price target raised to $12 from $8 at Barclays
The Fly

Under Armour price target raised to $12 from $8 at Barclays

Barclays raised the firm’s price target on Under Armour (UA) (UAA) to $12 from $8 and keeps an Equal Weight rating on the shares. The company reported a fiscal Q2 earnings beat driven by better spending and gross margin due to an expense timing shift into Q3 and lower product costs, the analyst tells investors in a research note.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App