In a report published Wednesday, Morgan Stanley analyst Jay Sole reiterated an Equal-Weight rating on Under Armour UA.
In the report, Morgan Stanley noted, “Our real estate analysis suggests a long-term $300M domestic full-price store opportunity. UA's new Soho NYC store underscores its many growth drivers and maturity. We extend our 24% EPS CAGR outlook one year, through 2018. We also now see a balanced, 1:1 risk/reward, up from 0.7:1.”
Under Armour closed on Tuesday at $49.85.
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