Under Armour Gets Price Target Bumps By Analysts After Naming New CEO

Under Armour Inc UA UAA appointed a new CEO.

Under Armour said the president of Marriott International Stephanie Linnartz will join the athletic apparel company as president, CEO and member of its board, effective Feb. 27.

Under Armour shares dropped 4.2% to trade at $9.48 on Thursday.

These analysts made changes to their price targets on Under Armour following the announcement

• Telsey Advisory Group raised the price target on Under Armour from $9 to $11. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating on the stock.
• Baird boosted the price target from $9 to $10. Baird analyst Jonathan Komp maintained the stock with a Neutral.

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