Sterne Agee Reiterates Buy Rating, $115 PT on Under Armour

In a company report published earlier today, Sterne Agee reiterated its Buy rating and $115.00 price target on Under Armour

. Sterne Agee went on to say “We believe that UA's Spine footwear is entering a very robust North American athletic market. While Nike's futures orders in Asia and Western Europe were weak, UA has no exposure to those markets, with North America making up over 90% of sales. We would take advantage of any weakness in the sector and be buyers of UA.” Under Armour closed yesterday at $90.51.