Market Overview

UPDATE: Credit Suisse Upgrades Under Armour to Outperform, Raises PT

Share:
Related UA
Portfolio Managers See Opportunities After The Sell-Off
Avoid The Temptation To Buy Calls On Anything 'Options' This Week
DICK'S Sporting Fortifies Presence in Alabama & Arizona (Zacks)

In a report published Friday, Credit Suisse Group upgraded its rating on Under Armour (NYSE: UA) from Neutral to Outperform, and raised its price target from $57.00 to $59.00.

Credit Suisse noted, “We are adjusting our estimates to reflect the following FY13 positive catalysts: 1) channel expansion; 2) favorable sourcing environment; 3) recent investments in supply chain and sourcing staff; 4) likely validation of long-term growth targets at mid-year analyst day; and 5) easy margin compares in 2H13 given misexecution in 2H12. Our FY13 revenue and EPS estimates go $2,259.6M, and $1.56 from $2,228.5M and $1.49 and our FY14 estimates go to $2,640.8M and $1.94 from $2,604.2M and $1.86.”

Under Armour closed on Thursday at $49.66.

Latest Ratings for UA

DateFirmActionFromTo
Aug 2015Atlantic EquitiesInitiates Coverage onOverweight
Jul 2015Argus ResearchUpgradesHoldBuy
Jul 2015KeyBancUpgradesUnderweightSector Weight

View More Analyst Ratings for UA
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Upgrades Analyst Ratings

 

Related Articles (UA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters