Under Armour (UAA) Receives a Sell from Evercore ISI
Evercore ISI analyst Michael Binetti maintained a Sell rating on Under Armour today and set a price target of $4.00.
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According to TipRanks, Binetti is a 4-star analyst with an average return of 4.8% and a 52.11% success rate. Binetti covers the Consumer Cyclical sector, focusing on stocks such as Ulta Beauty, Tapestry, and Nike.
In addition to Evercore ISI, Under Armour also received a Sell from Citi’s Paul Lejuez in a report issued today. However, on the same day, Bank of America Securities maintained a Hold 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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