Under Armour Downgraded By Vetr To 4 Stars

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Under Armour Inc. UAA has traded down 8 percent since reaching a monthly high on June 15, and the Vetr community has downgraded the stock from 4.5 to 4 stars.

Under Armour athletes such as Steph Curry and Jordan Spieth have had the company in the public eye the past few months, and the apparel company recently signed NBA draftee Josh Jackson to an endorsement deal, which will help with exposure in the southern United States.

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Vetr members have given Under Armour a Buy rating and a $23.24 price target. This price target is lower than the $27.92 price target from Wall Street analysts. The company enters Monday's open around $21.

Of all Vetr raters, 57.9 percent believe traders and investors should sell Ubiquiti stock.

For Vetr’s full analysis of Under Armour, go here.

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Posted In: DowngradesCrowdsourcingAnalyst RatingsGeneralVetr
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