Telsey Advisory Group Reiterates Market Perform on Under Armour, Maintains $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has reiterated a 'Market Perform' rating on Under Armour (NYSE:UAA) and maintained a price target of $9. This reaffirms the firm's neutral stance on the stock, suggesting that they do not foresee significant upside or downside from the current price level.
February 05, 2024 | 10:12 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Telsey Advisory Group maintains a 'Market Perform' rating on Under Armour with a $9 price target, indicating a neutral outlook on the stock.
The reiteration of the 'Market Perform' rating and the maintenance of the $9 price target by Telsey Advisory Group suggests that the analyst sees Under Armour's stock as fairly valued at its current price. This neutral stance indicates that the analyst does not expect significant price movement in the short term, which could lead to a stable stock price. However, investor reactions to analyst ratings can vary, and while some may adjust their positions based on this reaffirmation, others may wait for more substantial news or earnings reports.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90