Market Overview

UPDATE: JP Morgan Initiates Under Armour at Underweight on High Growth Hurdles


JP Morgan initiated coverage on Under Armour (NYSE: UA) with an Underweight rating and a $45 price target.

JP Morgan commented, "While UA's long-term growth horizon is substantial (women's, International, Footwear under-penetrated) the company is entering an intermediate growth stage (28% trailing 5-year sales CAGR), with SG&A infrastructure spending (supply chain, Int'l, e-commerce) more reality than conservatism for FY13/14 in our view. Importantly, we believe management is prudently taking steps back before forward with material Int'l growth (6% today) likely pushed to 2015/2016 and e-commerce (~8% of mix) improvement (website overhaul) not transpiring overnight."

Under Armour closed at $51.31 on Tuesday.

Latest Ratings for UA

Feb 2020Credit SuisseMaintainsNeutral
May 2019JP MorganUpgradesNeutralOverweight
Feb 2018JP MorganMaintainsNeutralNeutral

View More Analyst Ratings for UA
View the Latest Analyst Ratings


Related Articles (UA)

View Comments and Join the Discussion!

Posted-In: JP MorganAnalyst Color Initiation Intraday Update Analyst Ratings

Latest Ratings

MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at