Earlier Wednesday morning, Piper Jaffray upgrades shares of Under Armor Inc UA from Neutral to Overweight and downgraded shares of L Brands Inc LB from Overweight to Neutral.
Following the rating changes, Under Armor's shares have risen ~0.66 percent, while shares of L Brands have fallen ~0.44 percent.
Looking at Under Armor, analyst Erinn Murphy said the company has potential for "significant market shares gains" and could more than double its market cap.
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