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UPDATE: Jefferies Initiates Coverage on Under Armour on Full Valuation

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In a report published Friday, Jefferies analyst Randal J. Konik initiated coverage on Under Armour (NYSE: UA) with a Hold rating and $71.00 price target.

In the report, Jefferies noted, “We're initiating coverage of UA with a Hold rating and $71 PT. With shares trading near all-time highs and valuation well above that of comparable peers, we believe the market is fully reflecting UA's well defined growth objectives over the medium term. Our bias on the stock is positive, but a lack of near-term catalysts combined with the risk of execution fumbles on initiatives like footwear and international offsets the potential reward for now, in our view.”

Under Armour closed on Thursday at $76.89.

Latest Ratings for UA

DateFirmActionFromTo
Nov 2014BB&T CapitalInitiates Coverage onBuy
Nov 2014FBR CapitalInitiates Coverage onOutperform
Oct 2014JP MorganMaintainsNeutral

View More Analyst Ratings for UA
View the Latest Analyst Ratings

Posted-In: Jefferies Randal J. KonikAnalyst Color Initiation Analyst Ratings

 

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