Truist Financial Keeps Their Hold Rating on Under Armour (UAA)
Truist Financial analyst Joseph Civello maintained a Hold rating on Under Armour today and set a price target of $5.00.
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Civello covers the Consumer Cyclical sector, focusing on stocks such as On Holding AG, Academy Sports and Outdoors, and Lululemon Athletica. According to TipRanks, Civello has an average return of -9.7% and a 30.34% success rate on recommended stocks.
In addition to Truist Financial, Under Armour also received a Hold from Stifel Nicolaus’s Peter McGoldrick in a report issued today. However, on the same day, Citi maintained a Sell rating on Under Armour (NYSE: UAA).
Based on Under Armour’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.33 billion and a GAAP net loss of $430.83 million. In comparison, last year the company earned a revenue of $1.4 billion and had a net profit of $1.23 million
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- Under Armour price target lowered to $5.50 from $8 at Baird
- Under Armour price target lowered to $4.75 from $6.20 at Citi
- Robert Drbul Reiterates Hold as Margin Pressure, Uneven Demand and Rich Valuation Limit Upside Despite Slight Revenue Beat
- Under Armour price target lowered to $5 from $8 at Barclays
- Under Armour cut to Hold at Stifel on ‘more challenging’ risk/reward
