Wells Fargo Downgrades Under Armour to Equal-Weight, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Kate Fitzsimons downgrades Under Armour (NYSE:UAA) from Overweight to Equal-Weight and lowers the price target from $12 to $8.
June 23, 2023 | 9:50 am
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Under Armour downgraded to Equal-Weight by Wells Fargo, with a lowered price target of $8 from $12.
The downgrade from Overweight to Equal-Weight and the lowering of the price target from $12 to $8 by Wells Fargo analyst Kate Fitzsimons indicates a less optimistic outlook for Under Armour's stock. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100